Only In India
If your Earn Rs 30 lakhs from Salary
You pay Rs 8 lakh Tax
If you earn Rs 30 lakh from buisness
You pay Rs 1.5 lakh tax
1 replies6 likes
Jayant Mundhra
•
Dexter Capital Advisors • 1m
I won’t waste time on old tax regime for two reasons:
-> 70%+ income taxpayers had already switched from it by the end of FY24
-> With what’s announced today, it’s anyway dead. One would have to be a fool to stick with it
So, what about the News T
Budget 2025 expectations: Income tax relief buzz
Speaking on the expected rationalisation of the income tax slab, Pankaj Mathpal, MD & CEO at Optima Money Managers, listed out the possible income tax slab for the new income tax regime, which may bri
🔥 What's your take on these BJP policies ?
• No tax on startups and business with upto 2 Crores turnover
• No tax on Indian Upto 12 Lakh turn over
• 10K Thousands Crores fund for entrepreneurs
0 replies4 likes
Vishu Bheda
Stealth • 10m
Give me one reason why Agriculture income above certain limit, say Rs 25 lakhs, should not be taxed?
New Tax slab:
0-4L-0%
4-8L-5%
8-12L-10%
12-16L-15%
16-20L-20%
20-24L-25%
24L+30%
People with income up to 12L will pay 0% income tax.
2 replies4 likes
Aditya Arora
•
Faad Network • 26d
My Friend - I am so excited that income up to 12 Lakh is exempt from income tax. I can finally take a trip to Europe. 🌎
Me - Bro, you earn four lakhs. Shouldn't you be worried about raising your income first? 🤔
My Friend - I couldn't even reach t
Man Earning Rs 10,000 A Month Gets Income
Tax Notice Of Rs 2 Cr In Bihar 😂
He was asked to deposit Rs 67 lakh within two days . When he went to the IT department office, he was told to go for an appeal 🥹
If your income is 12L, You pay 0 for the first 4L. From 4L - 8L i.e. next 4L, you pay 5% = 20,000. From 8L - 12 i.e. another 4L, you pay 10% = 40,000. Total Tax Payable= 60,000. Standard Deduction -75,000. So NO TAX FOR INCOME UP TO 12L. Get it?
