Marginal Relief in Income Tax 2026-27: Calculation Above ₹12 Lakh (New Regime)

Marginal relief: under the new tax regime, if your taxable income is a little above ₹12 lakh, your income tax cannot be more than the amount by which you cross ₹12 lakh. Confirmed Salaried people get a ₹75,000 standard deduction, so tax is nil up to ₹12.75 lakh salary. Relief works up to about ₹13.46 […]