Find
Under the new regime for FY 2025-26, a rebate under Sec 87A makes tax nil for total income up to ₹12 lakh. Since your income is above the basic exemption limit, you still must file.
ITR
Zero tax up to ₹12 lakh, but still file
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Provisions
Sec 87A, Income-tax Act 1961 (now Sec 156); Sec 139(1), Income-tax Act 1961 (now Sec 263(1)); Sec 115BAC, Income-tax Act 1961 (now Sec 202)
Analysis
Salary of ₹12,25,000 less the ₹75,000 standard deduction gives ₹11,50,000, so tax after rebate is nil. If the employer deducted TDS, the return gets it refunded. The rebate does not apply to special-rate incomes like listed equity gains, so check those separately.
Close
- Compute taxable income after standard deduction.
- Check that it is within ₹12 lakh.
- Confirm no special-rate income affects the rebate.
- File ITR-1 under the new regime.
- Claim refund of any TDS.
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