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Karunakar CH

What You DO That Def...ย โ€ขย 1m

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

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Havish Gupta

Figuring Outย โ€ขย 1m

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

Karunakar CH

What You DO That Def...ย โ€ขย 1m

If an individual's annual income is โ‚น12 lakh, their tax liability would be calculated as follows: โ‚น0 to โ‚น4,00,000: No tax โ‚น4,00,001 to โ‚น8,00,000: 5% of โ‚น4,00,000 = โ‚น20,000 โ‚น8,00,001 to โ‚น12,00,000: 10% of โ‚น4,00,000 = โ‚น40,000 Total tax liability = โ‚น20

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Karunakar CH

What You DO That Def...ย โ€ขย 1m

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