Tax Relief 2025: Claim Your Rebate Even with Capital Gains Above Rs 12.75 Lakh
2025-02-22
Business Today
The Finance Bill 2025 brings good news for taxpayers, as individuals with income up to Rs 12 lakh are exempt from paying taxes. With the standard deduction of Rs 75,000, the effective tax-free threshold increases to Rs 12.75 lakh. This means you can still claim a rebate even if your total income, including capital gains, exceeds this amount. This tax relief is a welcome move, offering financial respite to many. Key terms like tax exemption and capital gains tax will be crucial in understanding this new development, which aims to simplify income tax for individuals.
