Why you can't get benefit of tax rebate on capital gains, lotteries

Budget 2025 clarifies that the tax rebate will no longer apply to income from capital gains or other sources taxed at special rates. Taxpayers under the new regime can claim a maximum rebate of Rs 60,000 for an income of up to Rs 12 lakh, effective from FY26.

Feb 2, 2025 - 02:00

Why you can't get benefit of tax rebate on capital gains, lotteries

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Budget 2025 clarifies that the tax rebate will no longer apply to income from capital gains or other sources taxed at special rates. Taxpayers under the new regime can claim a maximum rebate of Rs 60,000 for an income of up to Rs 12 lakh, effective from FY26.