With the standard deduction, up to what income are salaried taxpayers exempt from income tax under the new regime announced in Budget 2025-26?
Correct answer A. Rs 12.75 lakh
Explanation
The Budget of 1 February 2025 set the zero-tax limit at Rs 12 lakh, which becomes Rs 12.75 lakh for salaried taxpayers because of the Rs 75,000 standard deduction.
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