Did You Win The Tax Lottery? Understanding the ₹12 Lakh Income Threshold in the New Tax Regime

In a significant move announced during the Union Budget 2025, Finance Minister Nirmala Sitharaman introduced new income tax slabs under the revised tax regime, offering substantial relief to taxpayers. The key highlight is the establishment of a nil tax slab for individuals earning up to ₹12 lakh annually, aimed at boosting disposable income and stimulating consumer spending. Mint's Neil Borate takes us through the New Tax slabs under the new tax regime and what happens to the old tax regime. Watch the video for details.