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?
Vishal yadav
Hey I am on Medialย โขย 1m
But mera ques to yahi hai..12 lac tk completely nil krke uske bad me jitna bhi amount extra hai us pr tax slab start hona chaiye tha...e.g if 13 lac income then 15% wud be on 1 lac ..so yeh hota real support ๐
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