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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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In the financial year 2025, the direct tax revenue has hit an impressive ā¹16.9 lakh crore! Hereās the breakdown: - Personal tax contributes ā¹8.7 lakh crore - Corporate tax is at an astounding ā¹27.7 lakh crore - Securities transaction tax stands at ā¹
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Just invest 10 sec in below š calculator to calculate your tax as per new regime 2025 Tax Calculator comparison as per budget 2025! https://tax.pythontrader.in/ Calculate ur tax as per new proposed slab rates .. just enter your income in this ..
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