The ₹12 lakh rebate under the new tax regime applies to income taxed under slab rates. Taxpayers with equity LTCG, crypto gains or lottery winnings may still have tax liability despite earning below the threshold. The ₹12 lakh rebate under the new tax regime applies to income taxed under slab rates. Taxpayers with equity LTCG, crypto gains or lottery winnings may still have tax liability despite earning below the threshold. by Soban News (international And National News)