2 min read
•
Feb 5, 2025
Union Budget Simplified
Imagine this: you earn ?12 lakh a year. Under the old tax system, you would have been liable to pay income tax on that amount. But starting from FY26, you won’t have to pay any tax at all! The reason for this is that the tax-free limit for individuals has now been enhanced from ?7 lakh to ?12 lakh.