Budget 2025: 12 लाख की Income है तो भी देना पड़ेगा Tax, जानिए कैसे?

14 hours ago

Budget 2025: Tax Experts का कहना है कि Section 87A के तहत मिलने वाला रिबेट (Rebate) लॉन्ग टर्म कैपिटल गेंस (Long Term Capital Gains) और शॉर्ट टर्म कैपिटल गेंस (Short Term Capital Gains) पर लागू नहीं होता है. इनकम टैक्स के सेक्शन 111ए का प्रावधान शॉर्ट टर्म कैपिटल गेंस पर लागू होता है.

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Transcript

00:00On 1st January, Union Budget 2025 was presented and the biggest announcement was that 12 Lakhs income has been tax-free.

00:10But there is a page in it, that page is that if you have an income of up to 12 Lakhs, then you will have to pay tax.

00:17Now, in what conditions will you have to pay this tax, we will try to understand in this video.

00:22See, if a taxpayer's income includes capital gains or lottery income, then even if he has an income of up to 12 Lakhs, he will have to pay tax.

00:30The reason for this is that under Section 87A, rebate is not applicable on special rate income.

00:37Long term capital gains, short term capital gains and lottery income are considered special rate income.

00:44Tax experts say that under Section 87A, rebate is not applicable on long term capital gains and short term capital gains.

00:52Section 111 of Income Tax is applicable on short term capital gains.

00:59Section 112 is applicable on long term capital gains.

01:03Short term and long term capital gains have different rates of tax.

01:07Therefore, rebate under Section 87A is not applicable on such income.

01:13This can be understood as an example.

01:15Assume that a taxpayer's income is 12 Lakhs, but the salary income is 10 Lakhs and the remaining 2 Lakhs income is the income of long term capital gains.

01:24So, in such a situation, the rebate under Section 87A will apply only on the income of up to 10 Lakhs.

01:30You will have to pay tax at a different rate on capital gains of 2 Lakhs.

01:35Long term capital gains tax is 12.5%.

01:40So, you will have to pay tax accordingly.

01:42Tax experts say that such situations happen with some taxpayers who have income only from salary.

01:48They will get full benefit of rebate under Section 87A.

01:52Finance Minister Nirmala Sitharaman said on 1 February that tax will not be paid on income of 12 Lakhs annually.

01:58Such people will get benefit of rebate under Section 87A.

02:02Government has increased the rebate under Section 87A.

02:05In the new regime of income tax, tax on income up to 7 Lakhs is zeroed annually.

02:11The reason for this is that rebate on income up to 7 Lakhs is available under Section 87A.

02:16This rebate is Rs. 25,000.

02:18On 1 February, Finance Minister increased the rebate to Rs. 60,000 to zero tax on income up to 12 Lakhs.

02:26If your income is Rs. 12 Lakhs, then your income is Rs. 12.75 Lakhs.

02:31Your income up to Rs. 12.75 Lakhs is zeroed under Section 87A.

02:39But if your share in this income is from long term capital gains, lottery or short term capital gains,

02:45then you will have to pay tax on that portion which we have understood through example.

02:53That's all in this video.

02:54If you still have any confusion, you can comment and ask us.

02:57So that we can try to give you a clear solution.

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03:01Comment and tell us.

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Budget 2025: 12 लाख की Income है तो भी देना पड़ेगा Tax, जानिए कैसे?

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