you can see at the end , total tax from both also tax saved in 2025
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If your income is 12L, You pay 0 for the first 4L. From 4L - 8L i.e. next 4L, you pay 5% = 20,000. From 8L - 12 i.e. another 4L, you pay 10% = 40,000. Total Tax Payable= 60,000. Standard Deduction -75,000. So NO TAX FOR INCOME UP TO 12L. Get it?
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Tax Calculator comparison as per budget 2025!
https://tax.pythontrader.in/
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In the financial year 2025, the direct tax revenue has hit an impressive โน16.9 lakh crore! Hereโs the breakdown:
- Personal tax contributes โน8.7 lakh crore
- Corporate tax is at an astounding โน27.7 lakh crore
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