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The Economic Times
The Economic Times
Anshika Jain

Zero income tax on Rs 15 lakh CTC? Here’s how these allowances and perks can cut your tax under new tax regime

Neeraj Agarwala MEAL Income Tax Grant Thornton Bharat Sodexo

A lot of salaried individuals are now leaning towards the new tax regime for its lower tax rates since income up to Rs 12.75 lakh can effectively become tax-free under the same.

With the New Income Tax Rules 2026, coming into play for Tax Year 2026-27, taxpayers who file their ITR on or before July 31, 2027, can also enjoy many tax benefits through certain perks and allowances, which were not previously available under the new regime.

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