Budget 2025:No Income Tax Till 12 Lakh| समझें पूरी Income Tax Calculation Tax Expert Sharad Kohli से

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Finance Minister Nirmala Sitharaman ने Income Tax में बड़ी राहत की घोषणा की है. साल 2025-26 के Union Budget को पेश करते हुए वित्त मंत्री ने New Income Tax Slab की घोषणा भी की है. इस घोषणा के मुताबिक़ New Tax Regime में सालाना 12 लाख तक की आमदनी पर कोई इनकम टैक्स नहीं देना होगा. जानकारों के मुताबिक़ इस नए टैक्स से मध्यम वर्ग को सबसे ज़्यादा फ़ायदा होने जा रहा है. टैक्स को आसान भाषा में समझने के लिए GoodReturns की Editor Bhawna ने Tax Expert Sharad Kohli से खास बातचीत की. देखिए पूरी वीडियो-      #budget2025 #unionbudget2025 #budget2025live #nirmalasitharamanlive #incometax #budgetsession #Budgetforfarmers #agriculturebudget #budgetforagriculture #kisancreditcard #KCC #DhanDhanyaYojana #budgetday #budgetspeech #budget2025announcements #incometaxslab #newoldregime #oldtaxregime #standarddeduction #sharadkohli  Also Read  Google's Largest Search Engine Title Get's A Rival? OpenAi To Announce AI-Powered Search Product :: https://www.goodreturns.in/news/googles-largest-search-engine-title-gets-a-rival-openai-to-announce-ai-powered-search-product-1345975.html?ref=DMDesc    ~PR.147~HT.336~GR.124~

Transcript

00:00Hi, this is Bhavna and you are watching GoodReturns.

00:03Today, the second full budget of Modi Karakal has been presented in Sansad, Modi 3.0.

00:10A lot of announcements have been made and the biggest relief has been given regarding income tax.

00:16Although, after the relief given in income tax, our taxpayers are a little confused as to how their salary will be taxed.

00:26So, to make the tax system easy for you, we have with us the tax expert, Mr. Sharad Kohli.

00:33Sir, thank you very much for talking to us once again.

00:37We had discussed the budget earlier as well.

00:41Sir, first of all, we would like to get your views on the budget.

00:47If we look at it from the perspective of the economy, how was today's budget?

00:52It is a very balanced budget, Bhavna.

00:56It touches every work of the society.

00:59And if you ask me to make a theme for this budget,

01:02if you ask me what the theme will be,

01:04then I will say, from the house to the middle class, from the middle class to the blessings of Mahalaxmi.

01:10The entire budget, every work of the society, whether it is youth, women, farmers, MSMEs,

01:19there is probably a work that does not touch it.

01:21But the biggest takeaway of the budget, as you said in the beginning,

01:25I feel that such a big relief of the income tax has not been seen in many budgets in the past.

01:31So, that is why the taxpayers are very excited about it.

01:34And I know a lot of taxpayers who are going out for dinner this evening,

01:39some are celebrating tomorrow, some have invited me as well.

01:42So, they are so happy because so much money is being saved in their pockets.

01:48And now they are thinking, what will we do with this money?

01:51Someone is saying, we will go on vacation.

01:53Someone is saying, we will buy a new TV at home.

01:55Someone is saying, we will buy a washing machine.

01:57Someone is saying, the microwave has become very old, we will buy a new one.

01:59Someone is saying, we will put the children's school in a better place.

02:04Someone is talking about cars.

02:07So, I think the budget, as we were saying in the beginning,

02:13when we did the budget,

02:15I was talking about consumption,

02:17that the government has to put money in people's pockets.

02:20We have seen that sentiment in this budget,

02:23especially in the middle class, especially the middle class taxpayers.

02:26It will come in the pockets of others as well, through other schemes.

02:29But at least through tax, this money is going to be saved in your pockets.

02:34There is no doubt about it.

02:35Absolutely.

02:36Sir, 12 lakh has been given to the tax-free income.

02:40But this will cause the government a loss of 1 lakh crore.

02:45So, is this considered a beneficial step by the government?

02:49Will it increase in GDP?

02:51Or will we see a decline?

02:53Absolutely, you are right.

02:55There is a revenue loss of 1 lakh crore.

02:57But see, when you go at the international level,

03:00whenever the tax is reduced, the tax collection increases.

03:04When the government reduced the tax, when the new regime came,

03:08the tax had increased.

03:10And the tax collection has increased by 20%.

03:13So, I feel that this 1 lakh crore that has been reduced,

03:16it will increase manifold.

03:17And secondly, why do we forget this sentiment,

03:19that when this 1 lakh crore will be saved for people,

03:22then they will either save it or spend it.

03:25Mostly, I hope that people will spend it.

03:27These days, especially the youth work less.

03:29Eat, drink, have fun.

03:31So, when they will spend it,

03:33then by spending it, consumption will increase.

03:35By increasing consumption, private investment will increase.

03:38More factories will be set up.

03:40And the second big thing,

03:42the government will get GST.

03:44When you spend, you will get GST.

03:46So, by going around,

03:48somehow or the other,

03:50it will come back to the government.

03:52And it will increase, I can assure you.

03:54Absolutely.

03:55Sir, but people are still getting a little confused.

03:58Because this decision has been taken,

04:00in which the income up to 12 lakh has been tax-free.

04:03The standard deduction of 75,000 is also benefitting.

04:06Meaning, if your income is 12,75,000,

04:09then you will not be taxed.

04:11You will not be taxed.

04:13Sir, please make it a little easier,

04:15and explain what the meaning of this decision is.

04:17Because today, a new tax slab,

04:19the way the new tax regime has been revised,

04:22it is also being said that

04:24if your income is 0 to 4 lakh, then it is nil.

04:26If it is 4 to 8, then it is 5%.

04:28And similarly, if it is 8 to 12, 12 to 15,

04:31our rates are being implemented.

04:35So, sir, how should this be explained?

04:37Please make it a little easier for our viewers.

04:42Yes, absolutely.

04:43First of all, see,

04:44what used to be 3 lakhs,

04:46now it is 4 lakhs instead of 3 lakhs.

04:48Few people have said that

04:49your basic exemption limit has increased.

04:51I am talking about the new regime.

04:53So, you are absolutely right.

04:540 to 4, 0 tax.

04:554 to 8 lakhs, 5%.

04:578 to 12, 10%.

04:5912 to 16, 15%.

05:0116 to 20, 20%.

05:0320 to 24, 25%.

05:06And now, 30% will be imposed

05:08on the slab above 24 lakhs.

05:11So, this is a big relief

05:13which used to be imposed above 15 lakhs.

05:15Now, the question arises that

05:16people are saying that

05:17you are saying that

05:1812 lakhs tax will not be imposed.

05:19And the salaried person

05:20will not be taxed up to 12,75,000

05:22by adding the standard deduction.

05:23So, what is this 0 to 4, 4 to 8, 4 to 12?

05:27So, the thing to note here is that

05:29this is section 87A

05:31under which you get rebate.

05:33And that rebate says that

05:35if your income is up to 12 lakhs

05:37or up to 12,75,000

05:39from your non-salary,

05:41then you have 0 tax.

05:44Because as soon as you cross 12 lakhs

05:46or 12,75,000,

05:48there is some minor relief too.

05:50But I will explain it directly.

05:51So, the slabs which I have told you,

05:550, 4, 8, 12,

05:58those slabs are imposed on you.

06:00So, I repeat that

06:02if your income is up to 12 lakhs

06:04or up to 12,75,000,

06:06then your tax will be 0.

06:08But if you go above that,

06:10then the method of tax calculation

06:12will remain the same.

06:130 to 4, 0.

06:144 to 8, 5%.

06:158 to 12, 10%.

06:17Then this calculation

06:18is done in this way.

06:20And you will get a big relief.

06:22You remember,

06:23I had talked about this on the show.

06:25Earlier,

06:2630% tax used to be imposed

06:27directly from 20 lakhs.

06:29I am talking about

06:30the new regime which is

06:31going on above 15 lakhs.

06:33And in this,

06:34a jump used to be imposed

06:35from 20 to 30.

06:36Now, a new slab of 25%

06:39has been brought up

06:40from 20 lakhs to 24 lakhs.

06:42This means that

06:43your slabs have increased.

06:44The range of slabs has increased.

06:46The upper limit of slabs has increased.

06:48And the highest tax imposed

06:50will now be above 24 lakhs.

06:52You will get a big relief.

06:55Now, people who take

06:56a salary of 12,75,000,

06:58a tax of 71,350 is imposed

07:00on them.

07:02Just think,

07:03from 71,350,

07:04suddenly I came to know

07:05that I have zero tax.

07:07Now, that is why

07:08I have started thinking

07:09about what to do

07:10with this 71,000.

07:11In this,

07:12you get a TV,

07:13a fridge,

07:14and a small holiday

07:15to roam around.

07:17So, this magic has happened.

07:19And one more good thing is

07:21that it is not that

07:22the taxpayers have benefited

07:23up to 12 lakhs.

07:25Even if your income

07:26is 40-50 lakhs,

07:28you will definitely

07:29get some benefit

07:30from it.

07:32Because the change

07:33in the slabs of tax

07:34which is the gap

07:35of 4-4 lakhs,

07:37you will definitely

07:38get some benefit

07:39from it.

07:40Absolutely.

07:41Sir, now you see

07:42that when we talked

07:43earlier,

07:44you said that

07:45it is necessary

07:46to redefine the middle class.

07:48Earlier,

07:49the income of 4-5 lakhs

07:50used to come

07:51in the middle class.

07:52But today,

07:53the way inflation

07:54is increasing,

07:55our lifestyle is also

07:56changing.

07:57In that,

07:58the income of 12-15 lakhs

07:59should be brought

08:00in the middle class.

08:01And today,

08:02the government

08:03has also taken

08:04special care of this.

08:05But sir,

08:06don't you feel

08:07a little dishonest

08:08that if your income

08:09is up to 12,75,000,

08:10I am using the word

08:11up to,

08:12up to your income,

08:13then you will not

08:14get taxed.

08:15From 80,

08:16this rebate

08:17will be applied

08:18on you.

08:19After that,

08:20if your income

08:21increases,

08:22if your income

08:23is 13 lakhs,

08:24which is more

08:25than 25,000,

08:26then you will

08:27have to pay

08:28tax according

08:29to the revised

08:30tax slab.

08:31Bhavna,

08:32there is also

08:33a page in this.

08:34The page is

08:35that a marginal

08:36relief has been

08:37given.

08:38When it was

08:397 lakhs,

08:40you will remember

08:41that for 7 lakhs,

08:4287A,

08:43not 80CA,

08:44it is 87A.

08:45When it was

08:467 lakhs,

08:47it was given

08:48to you.

08:49When it was

08:507 lakhs,

08:51it was given

08:52to you.

08:53When it was

08:547 lakhs,

08:55it was given

08:56to you.

08:57When it was

08:587 lakhs,

08:59it was given

09:00to you.

09:01When it was

09:027 lakhs,

09:03it was given

09:04to you.

09:05When it was

09:067 lakhs,

09:07it was given

09:08to you.

09:09When it was

09:107 lakhs,

09:11it was given

09:12to you.

09:13When it was

09:147 lakhs,

09:15it was given

09:16to you.

09:17When it was

09:187 lakhs,

09:19it was given

09:20to you.

09:21When it was

09:227 lakhs,

09:23it was given

09:24to you.

09:25When it was

09:267 lakhs,

09:27it was given

09:28to you.

09:29When it was

09:307 lakhs,

09:31it was given

09:32to you.

09:33When it was

09:347 lakhs,

09:35it was given

09:36to you.

09:37When it was

09:387 lakhs,

09:39it was given

09:40to you.

09:41When it was

09:427 lakhs,

09:43it was given

09:44to you.

09:45When it was

09:467 lakhs,

09:47it was

09:48given

09:49to you.

09:50When it

09:51was

09:527 lakhs,

09:53it was

09:54given

09:55to you.

09:56When it

09:57was

09:587 lakhs,

09:59it was

10:00given

10:01to you.

10:02When it

10:03was

10:047 lakhs,

10:05it was

10:06given

10:07to you.

10:08When it

10:09was

10:107 lakhs,

10:11it was

10:12given

10:13to you.

10:14When it

10:15was

10:167 lakhs,

10:17it

10:18was

10:19given

10:20to

10:21you.

10:22When

10:23it

10:24was

10:257 lakhs,

10:26it

10:27was

10:28given

10:29to

10:30you.

10:31When

10:32it

10:33was

10:347 lakhs,

10:35it

10:36was

10:37given

10:38to

10:39you.

10:40When

10:41it

10:42was

10:437 lakhs,

10:44it

10:45was

10:46given

10:47to

10:48you.

10:49When

10:50it

10:51was

10:527 lakhs,

10:53it

10:54was

10:55given

10:56to

10:57you.

10:58When

10:59it

11:00was

11:017 lakhs,

11:02it

11:03was

11:04given

11:05to

11:06you.

11:07When

11:08it

11:09was

11:107 lakhs,

11:11it

11:12was

11:13given

11:14to

11:15you.

11:16When

11:17it

11:18was

11:197 lakhs,

11:20it

11:21was

11:22given

11:23to

11:24you.

11:25When

11:26it

11:27was

11:287 lakhs,

11:29it

11:30was

11:31given

11:32to

11:33you.

11:34When

11:35it

11:36was

11:377 lakhs,

11:38it

11:39was

11:40given

11:41to

11:42you.

11:43When

11:44it

11:45was

11:467 lakhs,

11:47it

11:48was

11:49given

11:50to

11:51you.

11:52When

11:53it

11:54was

11:557 lakhs,

11:56it

11:57was

11:58given

11:59to

12:00you.

12:01When

12:02it

12:03was

12:047 lakhs,

12:05it

12:06was

12:07given

12:08to

12:09you.

12:10When

12:11it

12:12was

12:137 lakhs,

12:14it

12:15was

12:16given

12:17to

12:18you.

12:19When

12:20it

12:21was

12:227 lakhs,

12:23it

12:24was

12:25given

12:26to

12:27you.

12:28When

12:29it

12:30was

12:317 lakhs,

12:32it

12:33was

12:34given

12:35to

12:36you.

12:37When

12:38it

12:39was

12:407

12:41lakhs,

12:42it

12:43was

12:44given

12:45to

12:46you.

12:47When

12:48it

12:49was

12:507 lakhs,

12:51it

12:52was

12:53given

12:54to

12:55you.

12:56When

12:57it

12:58was

12:597 lakhs,

13:00it

13:01was

13:02given

13:03to

13:04you.

13:05When

13:06it

13:07was

13:087 lakhs,

13:09it

13:10was

13:11given

13:12to

13:13you.

13:14When

13:15it

13:16was

13:177 lakhs,

13:18it

13:19was

13:20given

13:21to

13:22you.

13:23When

13:24it

13:25was

13:267 lakhs,

13:27it

13:28was

13:29given

13:30to

13:31you.

13:32When

13:33it

13:34was

13:357 lakhs,

13:36it

13:37was

13:38given

13:39to

13:40you.

13:41When

13:42it

13:43was

13:447 lakhs,

13:45it

13:46was

13:47given

13:48to

13:49you.

13:50When

13:51it

13:52was

13:537 lakhs,

13:54it

13:55was

13:56given

13:57to

13:58you.

13:59When

14:00it

14:01was

14:027 lakhs,

14:03it

14:04was

14:05given

14:06to

14:07you.

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