‼️ *2025 Budget Highlight:* ‼️ 87% of Taxpayers to Pay Zero Tax in FY 2025-26 The Union Budget 2025-26 introduces transformative changes to the new tax regime, bringing much-needed relief to low- and middle-income taxpayers. Out of 7.5 crore income tax returns filed in FY 2023-24, nearly 6.5 crore individuals earned below ₹12 lakh. With the updated tax slabs and extended rebate, 87% of taxpayers will now have zero tax liability this financial year. Key updates: — Rebate u/s 87a extended to income up to ₹12 lakh (previously ₹7 lakh). — Higher exemption limits and lower rates for middle-income groups. — Excludes special income like capital gains, crypto, and gambling.