Pending professional review. This content was drafted with Claude from official sources and has not yet been reviewed by an ArthaKara professional. Verify against the official sources before relying on it.
Yes, for resident individuals with total income up to Rs 12 lakh from FY 2025-26, tax on normal income is nil because of the rebate of up to Rs 60,000.
Detailed explanation
The rebate applies to resident individuals under the new regime. Salaried taxpayers also get a standard deduction of Rs 75,000, so salary up to Rs 12.75 lakh results in nil tax if there is no other income. The rebate does not cover tax on special-rate income such as capital gains taxed under sections 111A or 112A.
Applicability
Resident individuals under the new regime
Exceptions
Not available to non-residents or HUFs; not available against tax on special-rate income.
Legal references
Section 87A and section 115BAC (1961 Act); section 156 and section 202 (2025 Act)
Applicable period
FY 2025-26 onwards
Information published by ArthaKara Consulting Services is intended for general educational and informational purposes. It is based on the statutory provisions and official information referenced on the respective page as of its stated verification date. Laws, rules, notifications and regulatory interpretations may change. Readers should independently verify the applicable provisions and seek professional advice before taking action. ArthaKara is an independent professional information and consulting platform and is not a government website or government-endorsed portal.