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Lost New PSB Clerk (<12L): How Can I Get Tax Exemptions?

Vivek

Vivek Lala  | Answer  |Ask -

Tax, MF Expert - Answered on Jun 04, 2025

Vivek Lala has been working as a tax planner since 2018. His expertise lies in making personalised tax budgets and tax forecasts for individuals. As a tax advisor, he takes pride in simplifying tax complications for his clients using simple, easy-to-understand language.
Lala cleared his chartered accountancy exam in 2018 and completed his articleship with Chaturvedi and Shah. ... more
RAUL Question by RAUL on May 13, 2025Hindi
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Hello sir, my name is RAHUL SINGH. I am a PSB bank clerk(new joinee) with an net income below 12 lakh. As i don't have much knowledge about taxes and how to fill it. kindly tell me how to get tax exemption as my income is below 12 lakh.

Ans: Hello, as per the New Tax Regime, no taxes for salaried people up to 12.75L including the 75K standard deduction.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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