How to calculate income tax with latest tax slabs: Have taxable income above Rs 12 lakh? Know how it will be taxed under new income tax regime

New Income Tax Slabs FY 2025-26: Starting April 1, 2025, individuals opting for the new income tax regime won't pay taxes on taxable income up to Rs 12 lakh. The revised income tax slabs for FY 2025-26 impose differentiated rates for varied income ranges with detailed tax liability calculations for incomes exceeding Rs 12 lakh.

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