Income Tax Calculations: Is your salaried income Rs 12,90,000? Will you be taxed on Rs 15,000 or Rs 12,90,000 in new tax regime?

Income Tax Calculations: Is your salaried income Rs 12,90,000? Will you be taxed on Rs 15,000 or Rs 12,90,000 in new tax regime?

Income Tax Calculations: Taxpayers while filing their income tax return (ITR) get the benefit of marginal tax relief, where if their income is slightly above the tax-free income limit, they are taxed not more than the incremental income. It will apply to taxpayers who will file their income tax return for the financial year 2025-26. The…

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