Bringing the much needed cheer to the salaried and individual tax payer, Finance Minister Nirmala Sitharaman on Saturday announced that there will be no tax for income upto Rs 12 Lakh under New Tax Regime. Bringing the much needed cheer to the salaried and individual tax payer, Finance Minister Nirmala Sitharaman on Saturday announced that there will be no tax for income upto Rs 12 Lakh under New Tax Regime. Zee News :Business