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Under the revised structure, individuals earning up to ₹12 lakh annually will no longer be liable to pay income tax, ensuring a greater take-home salary for the middle-income group.

The government has introduced a fresh set of tax slabs, making taxation more progressive and taxpayer-friendly. These changes aim to simplify the tax structure while ensuring optimal benefits for salaried individuals.

To further ease the financial burden, the rebate under Section 87A has been increased to ₹60,000, a significant jump from the previous ₹20,000. This move directly benefits taxpayers by reducing their overall liability and improving financial flexibility.

With the widened tax slabs and improved incentives, many taxpayers who previously preferred the Old Tax Regime may now find the New Tax Regime more beneficial. The shift will not only reduce their tax liabilities but also simplify their filing process, eliminating the need for extensive documentation and deductions.

These revisions will result in increased savings for taxpayers, allowing them to allocate funds toward investments, household expenses, and personal financial goals. The changes reinforce the government's commitment to simplifying taxation and making the New Tax Regime more attractive for individuals.