Web18 jan. 2024 · The tax-saving investments under Section 80C can further reduce taxable income by up to Rs 1.50 lakh. Another Rs 50,000 can be saved by investments in the National Pension Scheme under Section 80CCD (1b). These two deductions will bring the taxable income down to Rs 7.7 lakh per annum. Web12 apr. 2024 · People can save tax if they invest money in shares and mutual funds. Under Section 80CCG of the Income Tax Act, citizens who earn below Rs.12 Lakhs annually …
Income Tax Calculator 2024-24 - Calculate Income Tax on Salary …
Web1 mrt. 2024 · You can pay zero tax on a salary of 12 lakhs, provided you have invested in tax savings options and claim applicable deductions and exemptions. Under the old regime, your net tax payable can be zero if you claim for all … Web10 mrt. 2024 · Here is everything you need to know about how to save tax for salary above 10 lakhs. How to Save Tax for Salary above 10 Lakhs. 10 March 2024. ... Read this blog if you want to pay no tax on 10 lakh income. ... >12.5 lakhs – Rs 15 lakhs. 30% + Rs 1,12,500. 25% + Rs.1,25,000 >15 lakhs and above. btv security app download
Zero Tax on Salary Income INR 20+ Lakhs? Legal Way Here…
Web24 feb. 2024 · Income Tax on Rs 12 lakh income Without Exemptions/Deductions, the tax calculator shows those earning Rs 12 lakh annual income will have to pay Rs 1,19,600 … Web10 jan. 2024 · The art of saving on income tax is not very difficult but basic knowledge of Income Tax is required. Let us see what exemptions can be availed so as to reduce the tax liability of an individual. 1. If you are a salaried person, you can avail deduction of Rs. 50,000/- as ‘Standard Deduction’ u/s 16 (ia) of the Income Tax Act. 2. WebThe best way to save tax for a salary above 15 lakhs is to opt for the old tax regime and claim all the available deductions and exemptions on tax-saving investments. … btvs download