WebMar 1, 2024 · You can pay zero tax on a salary of 12 lakhs, provided you have invested in tax savings options and claim applicable deductions and exemptions. Under the old regime, … WebFeb 24, 2024 · Without Exemptions/Deductions, the tax calculator shows those earning Rs 8 lakh annual income will have to pay Rs 78,000 as tax as per the new regime. The tax payable under the old...
How a salaried person with income up to Rs 7.75 lakh can now …
WebFeb 24, 2024 · 3. Enter "-0-" for all income categories. The next portion of the tax return asks about your income. Since you didn't earn any income for the year, you'll enter a "-0-" in each … WebJan 18, 2024 · Even those who earn a healthy Rs 10 lakh per annum can plan for zero taxes. Assuming a person who has Rs 10 lakh per annum in salary income and Rs 20,000 in … taxact contact information
How you can save tax if your income is up to Rs 18 lakh - DNA India
WebAug 19, 2016 · Here is how a person can cut down the tax outgo to zero for income up to ₹ 10 lakh. 1) Basic income of ₹ 2.5 lakh per annum is exempted from income tax. 2) You can claim deduction of... WebApr 14, 2024 · The median income for the serving officers is approximately ₹2 lakhs per month, i.e., ₹24 lakhs per annum. Thus, the ideal insurance cover for the officers should be ₹2.4 to ₹3.6 crores ... WebFeb 21, 2024 · If you are a salaried individual, you can reduce your total income by Rs 50,000 through standard deduction. The limit of standard deduction has been recently raised in the budget to Rs 50,000 from Rs 40,000. Reduce Medical Expenditures And Tax In One Go With Health Insurance tax act corporation