Tax calculation: In Budget 2025, the Finance Minister announced that no income tax is payable up to an annual income of Rs 12 lakh, providing a tax rebate for individuals earning up to this amount.
Taxpayers will be liable to pay zero income tax from April 1, 2025, if their income is up to ₹12 lakh per annum. Tax is calculated based on a series of slabs which are detailed as follows (Pixabay) ...
For the tax brackets of Rs 20,00,001-24,00,000 and above Rs 24,00,001, the entries are NA as no taxable income remained after the fifth bracket. Had there been any remaining income after the fifth ...
EPFO Pension Calculator: A formula determines how much pension you'll get from EPFO after retirement. It also considers the duration of your service. Here's how to calculate your potential pension. If ...
Income Tax new slabs: Those with a salary of up to ₹12.75 lakh will not be required to pay any taxes. Finance minister Nirmala Sitharaman on Saturday announced tax cuts for the middle class as she ...
Modified adjusted gross income, or MAGI, might sound like just more tax jargon, but knowing how to calculate your MAGI is key to determining your eligibility for several valuable tax benefits, ...
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