Budget 2025

[SKC]

 

[Indianhawk]

All

Till 12.75, new SD is 75K

All right you are correct as per speech by fm.

 

[Yuyutsu]

Can someone explain, why "no tax till 12lakh" if we still have up to 10% in the tax slab!!

Can someone explain, why "no tax till 12lakh" if we still have up to 10% in the tax slab!!

Your Case: 12 LPA Salary​

• If You Are Salaried:
  Since you are earning 12 lakhs per annum and the tax-free limit for salaried individuals is 12.75 lakhs, your entire salary falls below the threshold. Result: No income tax.
• If You Are Non-Salaried:
  For non-salaried individuals, the tax-free limit is 12 lakhs. Since your salary is exactly 12 lakhs, you again fall at the top end of the tax-free range. Result: No income tax.

Conclusion​

Regardless of whether you are salaried or not, with a 12 LPA income, you will not pay any income tax under the new Budget 2025 scheme.

Note: This explanation assumes that there are no additional sources of income or other factors (like specific deductions or surcharges) that might alter your taxable income.


this is the closest explanation i could get

 

[SKC]

Classic case of BJP not able to explain things in Simple way!
Don't why they love to make everything complex!

 

[SKC]

Friendship ended with RonaDhona gang!

Nirmala Tai is my new friend!

Tai for for our next PM!

 

[SKC]

Official Tweet from Ministry of Finance:


View: https://x.com/FinMinIndia/status/1885580159258148908

 

[Cheepek]

From where will the loss in revenue be recouped? Abhi story baaki hai...

 

[Migflug]

Your Case: 12 LPA Salary​

• If You Are Salaried:
  Since you are earning 12 lakhs per annum and the tax-free limit for salaried individuals is 12.75 lakhs, your entire salary falls below the threshold. Result: No income tax.
• If You Are Non-Salaried:
  For non-salaried individuals, the tax-free limit is 12 lakhs. Since your salary is exactly 12 lakhs, you again fall at the top end of the tax-free range. Result: No income tax.

Conclusion​

Regardless of whether you are salaried or not, with a 12 LPA income, you will not pay any income tax under the new Budget 2025 scheme.

Note: This explanation assumes that there are no additional sources of income or other factors (like specific deductions or surcharges) that might alter your taxable income.


this is the closest explanation i could get

Till 12.75L you will get a rebate and no tax to be paid.
The moment you cross that you will be charged of tax in the slabs
4-8L@5% and 8-12L@10% and no rebate is applicable.
This is as per my understanding !!

 

[SKC]

 

[trombone]

Official Tweet from Ministry of Finance:


View: https://x.com/FinMinIndia/status/1885580159258148908

for those under new tax regime, its a flat "upto 12lacs no tax", but for those opting for old tax regime the tax slab table shown in the tweet still holds true?

 

[SKC]

View: https://x.com/Politicx2029/status/1885586849063751791

 

[Prasad]

From 2.5L in 2014, BJP has increased tax exception to 12 lakhs in 11 years.

 

[SKC]

This is New Tax regime. We need to see what happens to Old Tax Scheme.

The new Income Tax bill coming next week might have some big action on Old Tax Scheme.​

 

[Migflug]

for those under new tax regime, its a flat "upto 12lacs no tax", but for those opting for old tax regime the tax slab table shown in the tweet still holds true?

Effectively If you earn till 24 lakh, you pay only 12% tax. A huge boost in consumption is expected !!

 

[TopWatcher]

Wat about defence, space, nuclear and research budget??

 

[fire starter]

View: https://x.com/Arunraj2696/status/1885575341403759059?t=9DMu_U7fGbVVRVI4fI44vA&s=19

 

[Migflug]

Wat about defence, space, nuclear and research budget??

6.8 lakh cr to defense, 18lakh cr capital outlay- a sharp increase in defense pensions, isro around 13k cr.

 

[RDXChauhan]

Indian defence allocation for 2025-2026: ₹6,81,210.27 crore

 

[RDXChauhan]

Foreign aid of previous and for FY2025-26

 

[ezsasa]

Defence total - 681210 Cr
revenue - 311732 Cr
capital - 180000 Cr



current fiscal for reference


in the current fiscal, capital spending is estimated to be about 1.59 lakh cr. so 1.72 lakh cr could not be utilised. another two months are there in current fiscal, not sure how this calculation works. we'll have to wait and see.