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C Karunakar

Start, Build, Scale • 3m

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

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Havish Gupta

Figuring Out • 3m

so no taxes for people with Income under 12L!!?

C Karunakar

Start, Build, Scale • 3m

If an individual's annual income is ₹12 lakh, their tax liability would be calculated as follows: ₹0 to ₹4,00,000: No tax ₹4,00,001 to ₹8,00,000: 5% of ₹4,00,000 = ₹20,000 ₹8,00,001 to ₹12,00,000: 10% of ₹4,00,000 = ₹40,000 Total tax liability = ₹20,000 + ₹40,000 = ₹60,000 However, since the individual's income is within the ₹12 lakh limit, they can claim a rebate of ₹60,000 under Section 87A, reducing their net tax payable to zero.

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Anonymous

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Are you happy with 12 Lakh No Income tax and 10K Crores funds for entrepreneurs by bjp government ?

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