Know about Income tax exemption over the years From Rs 1 lakh to Rs 12 lakh 

Income tax exemption News:  Income tax exemption over the years: From Rs 1 lakh in 2005 to Rs 12 lakh in 2025

2005: Rs 1 lakh
2012: Rs 2 lakh
2014: Rs 2.5 lakh
2019: Rs 5 lakh
2023: Rs 7 lakh
2025: Rs 12 lakh
The latest move is aimed at boosting disposable income, encouraging savings, and economic growth.