{"id":8398,"date":"2025-02-01T14:43:48","date_gmt":"2025-02-01T14:43:48","guid":{"rendered":"https:\/\/livejanmat.com\/?p=8398"},"modified":"2025-02-01T14:43:50","modified_gmt":"2025-02-01T14:43:50","slug":"rs-12-lakh-tax-exemption-and-tax-calculation-for-higher-incomes","status":"publish","type":"post","link":"https:\/\/livejanmat.com\/en\/rs-12-lakh-tax-exemption-and-tax-calculation-for-higher-incomes\/","title":{"rendered":"&#8220;How Rs 12 Lakh Tax Exemption Works Under New Regime&#8221;"},"content":{"rendered":"<p>The Indian government has introduced significant changes to the tax structure under the new regime, aiming to simplify the process and provide relief to taxpayers. Finance Minister Nirmala Sitharaman announced that individuals earning up to Rs 12 lakh annually will not have to pay income tax. This move, part of the latest Budget, is designed to boost domestic consumption and savings by leaving more money in the hands of taxpayers.<\/p>\n\n\n\n<p>However, a common question arises:&nbsp;<em>Does this Rs 12 lakh exemption mean that someone earning Rs 15 lakh will only be taxed on the remaining Rs 3 lakh?<\/em>&nbsp;The answer is no. The Rs 12 lakh exemption applies only to those with an annual income of up to Rs 12 lakh. For those earning more, the tax is calculated based on the revised slab rates.<\/p>\n\n\n\n<p>It\u2019s also important to note that the Rs 12 lakh exemption refers to&nbsp;<em>taxable income<\/em>. Taxpayers under the new regime also benefit from a standard deduction of Rs 75,000, effectively raising the exemption limit to Rs 12.75 lakh.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' ><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/livejanmat.com\/en\/rs-12-lakh-tax-exemption-and-tax-calculation-for-higher-incomes\/#Revised_Tax_Slabs_Under_the_New_Regime_Rs_12_Lakh_Tax_Exemption\" >Revised Tax Slabs Under the New Regime | Rs 12 Lakh Tax Exemption<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/livejanmat.com\/en\/rs-12-lakh-tax-exemption-and-tax-calculation-for-higher-incomes\/#How_is_Income_Tax_Calculated_Rs_12_Lakh_Tax_Exemption\" >How is Income Tax Calculated? Rs 12 Lakh Tax Exemption<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/livejanmat.com\/en\/rs-12-lakh-tax-exemption-and-tax-calculation-for-higher-incomes\/#Understanding_the_Rebate\" >Understanding the Rebate<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/livejanmat.com\/en\/rs-12-lakh-tax-exemption-and-tax-calculation-for-higher-incomes\/#Union_Budget_2025-26_Sector-Wise_Highlights_Download_PDF\" >Union Budget 2025-26: Sector-Wise Highlights | Download PDF<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/livejanmat.com\/en\/rs-12-lakh-tax-exemption-and-tax-calculation-for-higher-incomes\/#New_Regime_vs_Current_Structure\" >New Regime vs. Current Structure<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/livejanmat.com\/en\/rs-12-lakh-tax-exemption-and-tax-calculation-for-higher-incomes\/#New_Regime_vs_Old_Regime\" >New Regime vs. Old Regime<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/livejanmat.com\/en\/rs-12-lakh-tax-exemption-and-tax-calculation-for-higher-incomes\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Revised_Tax_Slabs_Under_the_New_Regime_Rs_12_Lakh_Tax_Exemption\"><\/span><strong>Revised Tax Slabs Under the New Regime<\/strong> | <strong>Rs 12 Lakh Tax Exemption<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The government has introduced a more detailed tax slab structure:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Up to Rs 4 lakh<\/strong>: Nil tax<\/li>\n\n\n\n<li><strong>Rs 4-8 lakh<\/strong>: 5% tax<\/li>\n\n\n\n<li><strong>Rs 8-12 lakh<\/strong>: 10% tax<\/li>\n\n\n\n<li><strong>Rs 12-16 lakh<\/strong>: 15% tax<\/li>\n\n\n\n<li><strong>Rs 16-20 lakh<\/strong>: 20% tax<\/li>\n\n\n\n<li><strong>Rs 20-24 lakh<\/strong>: 25% tax<\/li>\n\n\n\n<li><strong>Above Rs 24 lakh<\/strong>: 30% tax<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_is_Income_Tax_Calculated_Rs_12_Lakh_Tax_Exemption\"><\/span><strong>How is Income Tax Calculated?<\/strong> <strong>Rs 12 Lakh Tax Exemption<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Tax calculation follows a slab-wise system, meaning your income is divided into portions, each taxed at the applicable rate. This ensures that you don\u2019t pay a flat tax rate on your entire income.<\/p>\n\n\n\n<p>For example, if you earn Rs 15 lakh annually (after the Rs 75,000 standard deduction), here\u2019s how your tax liability is calculated:<\/p>\n\n\n\n<ol start=\"1\" class=\"wp-block-list\">\n<li><strong>First Rs 4 lakh<\/strong>: Tax-free<\/li>\n\n\n\n<li><strong>Next Rs 4 lakh (Rs 4-8 lakh)<\/strong>: 5% tax = Rs 20,000<\/li>\n\n\n\n<li><strong>Next Rs 4 lakh (Rs 8-12 lakh)<\/strong>: 10% tax = Rs 40,000<\/li>\n\n\n\n<li><strong>Remaining Rs 3 lakh (Rs 12-15 lakh)<\/strong>: 15% tax = Rs 45,000<\/li>\n<\/ol>\n\n\n\n<p><strong>Total Tax Liability<\/strong>: Rs 20,000 + Rs 40,000 + Rs 45,000 =&nbsp;<strong>Rs 1,05,000<\/strong><\/p>\n\n\n\t\t<div class=\"wp-block-web-stories-embed web-stories-embed aligncenter\">\n\t\t\t<div class=\"wp-block-embed__wrapper\" style=\"--aspect-ratio: 0.600000; --width: 360px; --height: 600px\">\n\t\t\t\t<amp-story-player>\n\t\t\t\t\t<a href=\"https:\/\/livejanmat.com\/en\/web-stories\/union-budget-2025-26\/\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img\n\t\t\t\t\t\t\t\tsrc=\"https:\/\/livejanmat.com\/wp-content\/uploads\/2025\/02\/cropped-image-1.png\"\n\t\t\t\t\t\t\t\twidth=\"360\"\n\t\t\t\t\t\t\t\theight=\"600\"\n\t\t\t\t\t\t\t\talt=\"Union Budget 2025-26\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tloading=\"lazy\"\n\t\t\t\t\t\t\t\tdecoding=\"async\"\n\t\t\t\t\t\t\t\tdata-amp-story-player-poster-img\n\t\t\t\t\t\t\t\t\t\/>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/amp-story-player>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Understanding_the_Rebate\"><\/span><strong>Understanding the Rebate<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Even for someone earning Rs 12 lakh, tax is calculated based on the slabs:<\/p>\n\n\n\n<ol start=\"1\" class=\"wp-block-list\">\n<li><strong>First Rs 4 lakh<\/strong>: Tax-free<\/li>\n\n\n\n<li><strong>Next Rs 4 lakh (Rs 4-8 lakh)<\/strong>: 5% tax = Rs 20,000<\/li>\n\n\n\n<li><strong>Next Rs 4 lakh (Rs 8-12 lakh)<\/strong>: 10% tax = Rs 40,000<\/li>\n<\/ol>\n\n\n\n<p><strong>Total Tax Liability<\/strong>: Rs 20,000 + Rs 40,000 =&nbsp;<strong>Rs 60,000<\/strong><\/p>\n\n\n\n<p>However, the government provides a full rebate of Rs 60,000, making the entire Rs 12 lakh income effectively tax-free.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Union_Budget_2025-26_Sector-Wise_Highlights_Download_PDF\"><\/span><strong><a href=\"https:\/\/livejanmat.com\/en\/union-budget-2025-26-highlights-reforms-allocations\/\">Union Budget 2025-26: Sector-Wise Highlights | Download PDF<\/a><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"New_Regime_vs_Current_Structure\"><\/span><strong>New Regime vs. Current Structure<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>For someone earning Rs 12 lakh, the new regime offers a tax benefit of Rs 80,000 compared to the existing structure, providing an additional relief of Rs 20,000.<\/p>\n\n\n\n<p>For higher incomes, the benefits are even more pronounced. For instance, a Rs 15 lakh income would attract a tax liability of Rs 1.05 lakh under the new regime, compared to Rs 1.4 lakh under the current structure\u2014a saving of Rs 35,000.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"New_Regime_vs_Old_Regime\"><\/span><strong>New Regime vs. Old Regime<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The old regime allows for various exemptions and deductions, but the tax rates are higher. For example:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Rs 12 lakh income<\/strong>: Tax liability under the old regime is Rs 1,72,500 (after exemptions).<\/li>\n\n\n\n<li><strong>Rs 15 lakh income<\/strong>: Tax liability under the old regime is Rs 2,62,500 (after exemptions).<\/li>\n<\/ul>\n\n\n\n<p>The new regime, with its lower slab rates and simplified structure, may be more beneficial for many taxpayers, especially those who don\u2019t heavily rely on exemptions.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The Rs 12 lakh tax exemption is a significant relief for middle-income earners, but it\u2019s crucial to understand that higher incomes are taxed slab-wise. The new regime offers lower tax rates and a simplified structure, making it an attractive option for many. However, taxpayers should carefully evaluate their financial situation and compare both regimes to determine which one works best for them.<\/p>","protected":false},"excerpt":{"rendered":"<p>The Indian government has introduced significant changes to the tax structure under the new regime, aiming to simplify the process and provide relief to taxpayers. Finance Minister Nirmala Sitharaman announced that individuals earning up to Rs 12 lakh annually will not have to pay income tax. This move, part of the latest Budget, is designed &#8230; <a title=\"&#8220;How Rs 12 Lakh Tax Exemption Works Under New Regime&#8221;\" class=\"read-more\" href=\"https:\/\/livejanmat.com\/en\/rs-12-lakh-tax-exemption-and-tax-calculation-for-higher-incomes\/\" aria-label=\"Read more about &#8220;How Rs 12 Lakh Tax Exemption Works Under New Regime&#8221;\">Read more<\/a><\/p>","protected":false},"author":2,"featured_media":8399,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3059],"tags":[3170,3171,3168,3169,3165,3172,3167,3166,3174,3173],"class_list":["post-8398","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-2","tag-budget-2025-tax-changes","tag-income-tax-calculation","tag-income-tax-rebate","tag-income-tax-savings","tag-new-tax-regime-india","tag-rs-12-lakh-tax-exemption","tag-standard-deduction-india","tag-tax-benefits-new-regime","tag-tax-exemption-for-middle-income","tag-tax-slabs-2025"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.2.1 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>&quot;How Rs 12 Lakh Tax Exemption Works Under New Regime&quot;<\/title>\n<meta name=\"description\" content=\"&quot;Learn how the Rs 12 lakh tax exemption works, new tax slabs for 2025, and tax calculations for incomes above Rs 12 lakh under the new regime.&quot;\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/livejanmat.com\/en\/rs-12-lakh-tax-exemption-and-tax-calculation-for-higher-incomes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"&quot;How Rs 12 Lakh Tax Exemption Works Under New Regime&quot;\" \/>\n<meta property=\"og:description\" content=\"&quot;Learn how the Rs 12 lakh tax exemption works, new tax slabs for 2025, and tax calculations for incomes above Rs 12 lakh under the new regime.&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/livejanmat.com\/en\/rs-12-lakh-tax-exemption-and-tax-calculation-for-higher-incomes\/\" \/>\n<meta property=\"og:site_name\" content=\"Live Janmat\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/liveJNMT\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-01T14:43:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-01T14:43:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/livejanmat.com\/wp-content\/uploads\/2024\/12\/live-janmat-logo.png\" \/>\n\t<meta property=\"og:image:width\" content=\"512\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"vishal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@livejnmt\" \/>\n<meta name=\"twitter:site\" content=\"@livejnmt\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"vishal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/livejanmat.com\\\/en\\\/rs-12-lakh-tax-exemption-and-tax-calculation-for-higher-incomes\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/livejanmat.com\\\/en\\\/rs-12-lakh-tax-exemption-and-tax-calculation-for-higher-incomes\\\/\"},\"author\":{\"name\":\"vishal\",\"@id\":\"https:\\\/\\\/livejanmat.com\\\/#\\\/schema\\\/person\\\/8c9fd5de42a2dc522772c920c4285ddf\"},\"headline\":\"&#8220;How Rs 12 Lakh Tax Exemption Works Under New Regime&#8221;\",\"datePublished\":\"2025-02-01T14:43:48+00:00\",\"dateModified\":\"2025-02-01T14:43:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/livejanmat.com\\\/en\\\/rs-12-lakh-tax-exemption-and-tax-calculation-for-higher-incomes\\\/\"},\"wordCount\":602,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/livejanmat.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/livejanmat.com\\\/en\\\/rs-12-lakh-tax-exemption-and-tax-calculation-for-higher-incomes\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/livejanmat.com\\\/wp-content\\\/uploads\\\/2025\\\/02\\\/Union-Budget-2025-2.avif\",\"keywords\":[\"budget 2025 tax changes\",\"income tax calculation\",\"income tax rebate\",\"income tax savings\",\"new tax regime india\",\"rs 12 lakh tax exemption\",\"standard deduction india\",\"tax benefits new regime\",\"tax exemption for middle income\",\"tax slabs 2025\"],\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/livejanmat.com\\\/en\\\/rs-12-lakh-tax-exemption-and-tax-calculation-for-higher-incomes\\\/#respond\"]}],\"copyrightYear\":\"2025\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/livejanmat.com\\\/en\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/livejanmat.com\\\/en\\\/rs-12-lakh-tax-exemption-and-tax-calculation-for-higher-incomes\\\/\",\"url\":\"https:\\\/\\\/livejanmat.com\\\/en\\\/rs-12-lakh-tax-exemption-and-tax-calculation-for-higher-incomes\\\/\",\"name\":\"\\\"How Rs 12 Lakh Tax Exemption Works Under New Regime\\\"\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/livejanmat.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/livejanmat.com\\\/en\\\/rs-12-lakh-tax-exemption-and-tax-calculation-for-higher-incomes\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/livejanmat.com\\\/en\\\/rs-12-lakh-tax-exemption-and-tax-calculation-for-higher-incomes\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/livejanmat.com\\\/wp-content\\\/uploads\\\/2025\\\/02\\\/Union-Budget-2025-2.avif\",\"datePublished\":\"2025-02-01T14:43:48+00:00\",\"dateModified\":\"2025-02-01T14:43:50+00:00\",\"description\":\"\\\"Learn how the Rs 12 lakh tax exemption works, new tax slabs for 2025, and tax calculations for incomes above Rs 12 lakh under the new regime.\\\"\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/livejanmat.com\\\/en\\\/rs-12-lakh-tax-exemption-and-tax-calculation-for-higher-incomes\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/livejanmat.com\\\/en\\\/rs-12-lakh-tax-exemption-and-tax-calculation-for-higher-incomes\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/livejanmat.com\\\/en\\\/rs-12-lakh-tax-exemption-and-tax-calculation-for-higher-incomes\\\/#primaryimage\",\"url\":\"https:\\\/\\\/livejanmat.com\\\/wp-content\\\/uploads\\\/2025\\\/02\\\/Union-Budget-2025-2.avif\",\"contentUrl\":\"https:\\\/\\\/livejanmat.com\\\/wp-content\\\/uploads\\\/2025\\\/02\\\/Union-Budget-2025-2.avif\",\"width\":440,\"height\":247,\"caption\":\"Income tax calculation for Rs 15 lakh 2025\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/livejanmat.com\\\/en\\\/rs-12-lakh-tax-exemption-and-tax-calculation-for-higher-incomes\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/livejanmat.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"&#8220;How Rs 12 Lakh Tax Exemption Works Under New Regime&#8221;\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/livejanmat.com\\\/#website\",\"url\":\"https:\\\/\\\/livejanmat.com\\\/\",\"name\":\"Live Janmat\",\"description\":\"Marathi digital News web portal\",\"publisher\":{\"@id\":\"https:\\\/\\\/livejanmat.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/livejanmat.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/livejanmat.com\\\/#organization\",\"name\":\"live janmat\",\"alternateName\":\"janmat\",\"url\":\"https:\\\/\\\/livejanmat.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/livejanmat.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/i0.wp.com\\\/livejanmat.com\\\/wp-content\\\/uploads\\\/2024\\\/12\\\/live-janmat-logo.png?fit=512%2C512&ssl=1\",\"contentUrl\":\"https:\\\/\\\/i0.wp.com\\\/livejanmat.com\\\/wp-content\\\/uploads\\\/2024\\\/12\\\/live-janmat-logo.png?fit=512%2C512&ssl=1\",\"width\":512,\"height\":512,\"caption\":\"live janmat\"},\"image\":{\"@id\":\"https:\\\/\\\/livejanmat.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/liveJNMT\",\"https:\\\/\\\/x.com\\\/livejnmt\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/livejanmat.com\\\/#\\\/schema\\\/person\\\/8c9fd5de42a2dc522772c920c4285ddf\",\"name\":\"vishal\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/livejanmat.com\\\/wp-content\\\/litespeed\\\/avatar\\\/f1ab499a3349b25f0ba7b3e4cb3c7c53.jpg?ver=1777564237\",\"url\":\"https:\\\/\\\/livejanmat.com\\\/wp-content\\\/litespeed\\\/avatar\\\/f1ab499a3349b25f0ba7b3e4cb3c7c53.jpg?ver=1777564237\",\"contentUrl\":\"https:\\\/\\\/livejanmat.com\\\/wp-content\\\/litespeed\\\/avatar\\\/f1ab499a3349b25f0ba7b3e4cb3c7c53.jpg?ver=1777564237\",\"caption\":\"vishal\"},\"description\":\"The live janmat is a Marathi digital News web portal. We aim to report the latest news, views, and entertainment. We seek to look at policies and decision-making from the perspective of people.\",\"sameAs\":[\"https:\\\/\\\/livejanmat.com\\\/\"],\"url\":\"https:\\\/\\\/livejanmat.com\\\/en\\\/author\\\/admin\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"\"How Rs 12 Lakh Tax Exemption Works Under New Regime\"","description":"\"Learn how the Rs 12 lakh tax exemption works, new tax slabs for 2025, and tax calculations for incomes above Rs 12 lakh under the new regime.\"","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/livejanmat.com\/en\/rs-12-lakh-tax-exemption-and-tax-calculation-for-higher-incomes\/","og_locale":"en_US","og_type":"article","og_title":"\"How Rs 12 Lakh Tax Exemption Works Under New Regime\"","og_description":"\"Learn how the Rs 12 lakh tax exemption works, new tax slabs for 2025, and tax calculations for incomes above Rs 12 lakh under the new regime.\"","og_url":"https:\/\/livejanmat.com\/en\/rs-12-lakh-tax-exemption-and-tax-calculation-for-higher-incomes\/","og_site_name":"Live Janmat","article_publisher":"https:\/\/www.facebook.com\/liveJNMT","article_published_time":"2025-02-01T14:43:48+00:00","article_modified_time":"2025-02-01T14:43:50+00:00","og_image":[{"width":512,"height":512,"url":"https:\/\/livejanmat.com\/wp-content\/uploads\/2024\/12\/live-janmat-logo.png","type":"image\/png"}],"author":"vishal","twitter_card":"summary_large_image","twitter_creator":"@livejnmt","twitter_site":"@livejnmt","twitter_misc":{"Written by":"vishal","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/livejanmat.com\/en\/rs-12-lakh-tax-exemption-and-tax-calculation-for-higher-incomes\/#article","isPartOf":{"@id":"https:\/\/livejanmat.com\/en\/rs-12-lakh-tax-exemption-and-tax-calculation-for-higher-incomes\/"},"author":{"name":"vishal","@id":"https:\/\/livejanmat.com\/#\/schema\/person\/8c9fd5de42a2dc522772c920c4285ddf"},"headline":"&#8220;How Rs 12 Lakh Tax Exemption Works Under New Regime&#8221;","datePublished":"2025-02-01T14:43:48+00:00","dateModified":"2025-02-01T14:43:50+00:00","mainEntityOfPage":{"@id":"https:\/\/livejanmat.com\/en\/rs-12-lakh-tax-exemption-and-tax-calculation-for-higher-incomes\/"},"wordCount":602,"commentCount":0,"publisher":{"@id":"https:\/\/livejanmat.com\/#organization"},"image":{"@id":"https:\/\/livejanmat.com\/en\/rs-12-lakh-tax-exemption-and-tax-calculation-for-higher-incomes\/#primaryimage"},"thumbnailUrl":"https:\/\/livejanmat.com\/wp-content\/uploads\/2025\/02\/Union-Budget-2025-2.avif","keywords":["budget 2025 tax changes","income tax calculation","income tax rebate","income tax savings","new tax regime india","rs 12 lakh tax exemption","standard deduction india","tax benefits new regime","tax exemption for middle income","tax slabs 2025"],"articleSection":["Finance"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/livejanmat.com\/en\/rs-12-lakh-tax-exemption-and-tax-calculation-for-higher-incomes\/#respond"]}],"copyrightYear":"2025","copyrightHolder":{"@id":"https:\/\/livejanmat.com\/en\/#organization"}},{"@type":"WebPage","@id":"https:\/\/livejanmat.com\/en\/rs-12-lakh-tax-exemption-and-tax-calculation-for-higher-incomes\/","url":"https:\/\/livejanmat.com\/en\/rs-12-lakh-tax-exemption-and-tax-calculation-for-higher-incomes\/","name":"\"How Rs 12 Lakh Tax Exemption Works Under New Regime\"","isPartOf":{"@id":"https:\/\/livejanmat.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/livejanmat.com\/en\/rs-12-lakh-tax-exemption-and-tax-calculation-for-higher-incomes\/#primaryimage"},"image":{"@id":"https:\/\/livejanmat.com\/en\/rs-12-lakh-tax-exemption-and-tax-calculation-for-higher-incomes\/#primaryimage"},"thumbnailUrl":"https:\/\/livejanmat.com\/wp-content\/uploads\/2025\/02\/Union-Budget-2025-2.avif","datePublished":"2025-02-01T14:43:48+00:00","dateModified":"2025-02-01T14:43:50+00:00","description":"\"Learn how the Rs 12 lakh tax exemption works, new tax slabs for 2025, and tax calculations for incomes above Rs 12 lakh under the new regime.\"","breadcrumb":{"@id":"https:\/\/livejanmat.com\/en\/rs-12-lakh-tax-exemption-and-tax-calculation-for-higher-incomes\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/livejanmat.com\/en\/rs-12-lakh-tax-exemption-and-tax-calculation-for-higher-incomes\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/livejanmat.com\/en\/rs-12-lakh-tax-exemption-and-tax-calculation-for-higher-incomes\/#primaryimage","url":"https:\/\/livejanmat.com\/wp-content\/uploads\/2025\/02\/Union-Budget-2025-2.avif","contentUrl":"https:\/\/livejanmat.com\/wp-content\/uploads\/2025\/02\/Union-Budget-2025-2.avif","width":440,"height":247,"caption":"Income tax calculation for Rs 15 lakh 2025"},{"@type":"BreadcrumbList","@id":"https:\/\/livejanmat.com\/en\/rs-12-lakh-tax-exemption-and-tax-calculation-for-higher-incomes\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/livejanmat.com\/"},{"@type":"ListItem","position":2,"name":"&#8220;How Rs 12 Lakh Tax Exemption Works Under New Regime&#8221;"}]},{"@type":"WebSite","@id":"https:\/\/livejanmat.com\/#website","url":"https:\/\/livejanmat.com\/","name":"Live Janmat","description":"Marathi digital News web portal","publisher":{"@id":"https:\/\/livejanmat.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/livejanmat.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/livejanmat.com\/#organization","name":"live janmat","alternateName":"janmat","url":"https:\/\/livejanmat.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/livejanmat.com\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/livejanmat.com\/wp-content\/uploads\/2024\/12\/live-janmat-logo.png?fit=512%2C512&ssl=1","contentUrl":"https:\/\/i0.wp.com\/livejanmat.com\/wp-content\/uploads\/2024\/12\/live-janmat-logo.png?fit=512%2C512&ssl=1","width":512,"height":512,"caption":"live janmat"},"image":{"@id":"https:\/\/livejanmat.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/liveJNMT","https:\/\/x.com\/livejnmt"]},{"@type":"Person","@id":"https:\/\/livejanmat.com\/#\/schema\/person\/8c9fd5de42a2dc522772c920c4285ddf","name":"vishal","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/livejanmat.com\/wp-content\/litespeed\/avatar\/f1ab499a3349b25f0ba7b3e4cb3c7c53.jpg?ver=1777564237","url":"https:\/\/livejanmat.com\/wp-content\/litespeed\/avatar\/f1ab499a3349b25f0ba7b3e4cb3c7c53.jpg?ver=1777564237","contentUrl":"https:\/\/livejanmat.com\/wp-content\/litespeed\/avatar\/f1ab499a3349b25f0ba7b3e4cb3c7c53.jpg?ver=1777564237","caption":"vishal"},"description":"The live janmat is a Marathi digital News web portal. We aim to report the latest news, views, and entertainment. We seek to look at policies and decision-making from the perspective of people.","sameAs":["https:\/\/livejanmat.com\/"],"url":"https:\/\/livejanmat.com\/en\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/livejanmat.com\/en\/wp-json\/wp\/v2\/posts\/8398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/livejanmat.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/livejanmat.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/livejanmat.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/livejanmat.com\/en\/wp-json\/wp\/v2\/comments?post=8398"}],"version-history":[{"count":0,"href":"https:\/\/livejanmat.com\/en\/wp-json\/wp\/v2\/posts\/8398\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/livejanmat.com\/en\/wp-json\/wp\/v2\/media\/8399"}],"wp:attachment":[{"href":"https:\/\/livejanmat.com\/en\/wp-json\/wp\/v2\/media?parent=8398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/livejanmat.com\/en\/wp-json\/wp\/v2\/categories?post=8398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/livejanmat.com\/en\/wp-json\/wp\/v2\/tags?post=8398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}