That's really a big jump from no taxes under 7l i come to directly no taxes for 12 L income people..
Really a great job
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Mayank Pawar
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No taxes till 12 Lakhs! Amazing Decision 😄
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There is no income tax upto Rs. 12 lakhs of income.
Great news.
Now I just have to figure out how to earn an income of Rs. 12 Lakhs!
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Tarun Suthar
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You still have to pay taxes if your income is below 12Lakhs.💀
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Sanjay Srivastav. Footwear Designer
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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?
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