Back

Mahendra Lochhab

Content creator • 2m

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
Replies (2)

More like this

Recommendations from Medial

Image Description
Image Description

Sanjay Srivastav. Footwear Designer

Hey I am on Medial • 2m

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?

6 replies11 likes
2
Image Description
Image Description

Jayant Mundhra

 • 

Dexter Capital Advisors • 2m

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

See More
9 replies40 likes
14
Image Description
Image Description

financialnews

Founder And CEO Of F... • 2m

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

See More
3 replies2 likes
Image Description

Sameer Patel

Work and keep learni... • 11m

Financial knowledge Indian Tax slabs Income tax slabs categorize taxpayers based on their annual income, determining the applicable tax rates. Here's a breakdown: 1. Nil Tax: Annual income up to ₹2.5 lakh for individuals below 60 years. 2. 5% Tax: I

See More
1 replies9 likes
1

Viraj Sanghavi

Hey I am on Medial • 2m

Tax on Stock market šŸ“Š 2014 Budget STCG : 0% LTCG : 0% Apr 2018 Budget STCG : 15% LTCG : 10% July 2024 Budget STCG : 20% LTCG : 12.5%

0 replies4 likes
Anonymous
Image Description

Is that really possible and globally countries will accept it or not ? 😨 0% Income tax and huge setback for businesses

1 replies3 likes
Image Description
Image Description

Karunakar CH

What You DO That Def... • 2m

Revised Income Tax Slabs under the New Regime (FY 2025-26): Annual Income (₹) Tax Rate 0 – 1,200,000 = 0% 1,200,001 – 1,500,000 = 5% 1,500,001 – 2,000,000 =10% 2,000,001 – 2,500,000 =15% 2,500,001 – 3,000,000 =20% Above 3,000,000

See More
6 replies8 likes
1
Image Description

B Yashwanth

Customer success ent... • 2m

Just invest 10 sec in below šŸ‘‡ calculator to calculate your tax as per new regime 2025 Tax Calculator comparison as per budget 2025! https://tax.pythontrader.in/ Calculate ur tax as per new proposed slab rates .. just enter your income in this ..

See More
1 replies5 likes

Vishu Bheda

Transforming vision ... • 11m

What's a scam that's so normalized that we don't even realize it's a scam anymore? Me- Taxes. Once you tax the income, why is there a tax again in the name of GST? Whatever the shop / company earns they can give it as income tax. This approach n

See More
0 replies9 likes
Image Description

Tarun Suthar

 • 

The Institute of Chartered Accountants of India • 2m

You still have to pay taxes if your income is below 12Lakhs.šŸ’€ Let’s talk about a crucial detail in the recent Indian Union Budget that many people are overlooking. If you’re already aware, great! But if not, this is essential to know—otherwise, you

See More
4 replies5 likes

Download the medial app to read full posts, comements and news.