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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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Proudly sharing Bizrelievo's upcoming launch on July 27th! Your Partner for Seamless Business & Tax Compliance. What is Bizrelievo? It's your dedicated partner for comprehensive business incorporation, meticulous ongoing compliance, and expert in
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