If your salary is just above Rs 12 lakh, do you pay full tax of Rs 61,500?
Central Board of Direct Taxes (CBDT) has clarified that marginal relief applies to incomes up to Rs 12.75 lakh. This means ...
Income tax relief: Rs 12.1 lakh vs Rs 12.5 lakh vs Rs 12.75 lakh - how marginal income tax ...
Marginal relief is provided to resident individuals with income levels between Rs 12 Lakh and Rs 12.75 Lakh. Once an ...
cnbctv184 天
What is marginal relief under new tax regime and how it works after Budget 2025 changes
Marginal relief is available to resident individuals whose income exceeds ₹12 lakh but does not exceed ₹12.75 lakh. If a ...
ConsumerAffairs7 天
Here are the tax changes for 2025
The 2025 tax season got underway this week as the Internal Revenue Service began accepting 2024 tax returns. Those who are planning their 2025 tax strategy ...
Tax Guru4 天
Income Tax Rates for AY 2025-26 and 2026-27
The income tax rates for the assessment years (AY) 2025-26 and 2026-27 remain unchanged across categories. Under Section 115BAC, default rates for individuals and Hindu Undivided Families (HUF) ...
Blue State Governors Push For Higher And More Progressive Income Taxes
As blue state governors and lawmakers propose making their states more costly places to live and work, their red state ...
Tax Guru5 天
Income Tax Rates for FY 2025-26 & No Tax on Income up to Rs. 12 Lakh: FAQs
Ans. Earlier the limit of income for nil tax payment was Rs 7 lac. By increasing this limit to Rs 12 lakh around one crore assessees who were earlier required to pay tax varying from Rs 20,000 to Rs ...