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Marginal Relief To Ensure Fair Taxation for Incomes Slightly Above ₹12 Lakh - How Much Tax Will They Save?
On 1st February 2025, during the Union Budget presentation, Finance Minister Nirmala Sitharaman announced an increase in the nil tax slab to Rs 12 lakh, providing substantial relief to middle-class ...
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Will you pay Rs 61,500 as income tax on Rs 12.10 lakh income? Know how marginal relief comes into play
From April 1, 2025, individuals with taxable incomes up to Rs 12 lakh will not be required to pay any tax. However, there can be individuals whose net taxable income exceeds Rs 12 lakh just by a small ...
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