Birdwatch Note Rating
2025-02-01 15:29:14 UTC - HELPFUL
Rated by Participant: 93D74819A6B3C5B91E5139D67F60EB210B0A653511E2C8BC9C45B72AD99EE83C
Participant Details
Original Note:
Misleading. Tax rebates & standard deduction are different things. Tax on taxable income up to ₹12L is universally waived 100%. Additionally, salaried individuals get ₹75K deduction under the New Tax Regime on taxable income. So tax is 0 for taxable income up to ₹12.75L. https://www.business-standard.com/budget/news/zero-income-tax-upto-rs-12-lakh-confused-about-new-slabs-answer-here-125020100804_1.html https://economictimes.indiatimes.com/wealth/tax/section-87a-tax-rebate-changes-in-union-budget-2025/articleshow/117735302.cms?from=mdr
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