20/05/2026
₹12 Lakh Tax-Free Income in 2026: Complete Guide to the New Income Tax Regime, Section 87A, Hidden Traps & Smart Planning
₹12 Lakh Tax-Free Income: Under the new tax regime § 115BAC, ITA 1961 § 202, ITA 2025 , resident individuals with total income up to ₹12 lakh pay zero income tax — via a ₹60,000 rebate under § 87A, ITA 1961 § 156, ITA 2025 . For salaried employees, the effective threshold is ₹12.75 lak...