Huge Savings for Millions under the New Tax Structure
A recent report by SBI claims that the 2025-26 Budget’s updated income tax slabs will benefit approximately 5.65 crore taxpayers. These taxpayers are expected to collectively save about ₹1 lakh crore in taxes. The Economic Times
- Those earning between ₹8 lakh and ₹12 lakh will see especially large savings. The Economic Times
- For example, individuals earning ₹12 lakh could save around ₹80,000; those with ₹18 lakh and ₹25 lakh incomes could save ₹70,000 and ₹1.10 lakh respectively. The Times of India+2The Economic Times+2
What this means for taxpayers:
More disposable income, less tax burden for the middle class, and likely more consumption and spending power. The relief can help families plan small investment, savings or expenses easier.
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Huge Savings for Millions under the New Tax Structure
A recent report by SBI claims that the 2025-26 Budget’s updated income tax slabs will benefit approximately 5.65 crore taxpayers. These taxpayers are expected to collectively save about ₹1 lakh crore in taxes. The Economic Times
- Those earning between ₹8 lakh and ₹12 lakh will see especially large savings. The Economic Times
- For example, individuals earning ₹12 lakh could save around ₹80,000; those with ₹18 lakh and ₹25 lakh incomes could save ₹70,000 and ₹1.10 lakh respectively. The Times of India+2The Economic Times+2
What this means for taxpayers:
More disposable income, less tax burden for the middle class, and likely more consumption and spending power. The relief can help families plan small investment, savings or expenses easier.
Huge Savings for Millions under the New Tax Structure
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