The Indian government has significantly altered the New Tax Regime for the Financial Year 2025-26, raising the income tax exemption limit from ₹7 lakh to ₹12 lakh (effectively up to ₹12.75 lakh including standard deduction for salaried individuals). This change, effective from April 1, 2025, means millions of salaried taxpayers, particularly those earning up to this new limit, will pay substantial
