Income Tax Department: New rules are going to be implemented for taxpayers from 1 April 2025. According to these rules, income up to Rs 12 lakh will be kept tax-free. At the same time, if an employee earns more than Rs 12 lakh, will he have to pay tax? Let us tell you that you will not have to pay tax on annual income up to Rs 17 lakh. You can make your income up to 17 lakh tax-free in a legal way.

No exemption in 80C

Income Tax, income up to Rs 12 lakh has been made tax-free by the government in the new tax regime. In the new tax regime, the exemption is also not given as per section 80C like the old regime. According to the report of Economic Times, despite this, income up to Rs 17 lakh can be tax-free in the new tax regime. Let us know in detail how you can save income. There will be savings on convenience reimbursement.

In the corporate sector, employees get a salary according to the cost to the company. This is called CTC, in which a part is made up of convenience reimbursement. According to media reports, tax consulting firm Bhuta Shah & Company has been quoted as saying that in the new tax regime, you will not have to pay tax (Income Tax) on the convenience reimbursement part of the salary. However, this expense should be the cost of commuting to and from the office.

According to media reports, corporate gives transport allowance to some special employees. According to the consulting firm, the company gives transport allowance (TA) up to Rs 3200 per month. You can get a transport allowance of up to Rs 38,400 annually. This allowance is given by the company only to physically disabled employees.

Money will also be saved on mobile bills.
Employees receiving salary also get the benefit of telephone bill amount in tax exemption (Income Tax). In both the regimes of income tax, the amount of a phone or telephone bill can be made tax-free. No amount has been fixed for telephone and internet bills.

You can save money by leasing a car.

If a company allows you to lease a car and you are using it for the company or your personal use and it is added to your CTC, then you can get tax exemption on the car lease amount (Income Tax) from your salary. In this, you will get a tax exemption of Rs 1800 per month on a car with a 1.6 liter engine. By using these methods, you can make income up to Rs 17 lakh tax-free.

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