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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?

Income Tax Return Filing When tax liability rises due to the receipt of arrears or additional payments, it typically happens because these amounts are added to the individual’s total income for the current financial year. This increase in incom

Filing Your ITR? Save on Taxes with Us! If you're planning to file your Income Tax Return (ITR), here's some good news: My organization is 80G certified! This means you can claim tax exemptions for donations made to us under Section 80G of the India

“I have been earning around 10 LPA (lakhs per annum), but a significant portion of my income is being deducted as taxes. I’m unsure about what steps to take. Could you please provide some tips on how I can minimize my tax liability and save more mone

You still have to pay taxes if your income is below 12Lakhs.💀 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

Key Financial Considerations for Medical Professionals 1 . Debt Management: Strategize student loan repayment, credit cards, and personal loans. 2. Retirement Planning: Maximize tax-advantaged accounts (401(k), IRA). 3. Investments: Diversify portfol

💸25 Basic terms you should know before watching Budget 2025 on Feb 1 Finance Minister Nirmala Sitharaman is preparing to present the Union Budget 2025, marking the second full budget of Prime Minister Narendra Modi’s government in its third term, a

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Day 29: Legal Masala for Your Bangalore Startup Spice up your startup journey! Here's the legal masala you need to navigate Bangalore's business world: * Structure Showdown: Decide your game plan - sole proprietor, partnership, or LLC? Each has

🔥🕉️ BJP announced No Tax On businesses and startups Upto 2 Crores turnover 💰🇮🇳🚀 • Presumptive Taxation ( Section 44AD ) For Small Businesses: Individuals, HUFs, and partnership firms (except LLPs) can opt. 1= Taxable Income Presumed: • 8% o