WebSave your Tax by investing on tax saving schemes with Mutual Fund, ELSS, Insurance under section 80. Also Calculate Your Tax Deduction on India Salary Income & More Details on Investnow,... WebFor 6.5 lakhs, 12,500 (5%) + 30,000 (20%) is 42,500 But you can invest 1.5 lakhs in mutual funds,insurance, PPF,LIC etc on which tax won't be levied. Then your taxable income will be 6.5–1.5= 5 lakhs Then tax will be 12,500 The basic concept is to keep your taxable income within 5 lakhs Hope you have your answer. 20 Tejas Shah

Income Tax Calculator FY 2024-24 (New and Old Tax Regime)

Web22 hours ago · The new tax regime may be more beneficial if you have a higher income. As per budget 2024, an individual with Rs 9 lakh annual income will have to pay Rs 45,000 … WebAdvisory: Information relates to the law prevailing in the year of publication/ as indicated .Viewers are advised to ascertain the correct position/prevailing law before relying upon … is there pvp in neverwinter

Calculate Your In-Hand Salary Based on Your CTC - Khatabook

WebAn individual having taxable income of Rs 7.5 lakh, who would have paid Rs 39,000 as income tax in current financial year, will pay zero tax in the next financial year. Hence, … WebThe employee’s contribution is tax-deductible for a maximum of Rs. 1.5 lakhs per year. The employer’s contribution is considered as part of CTC and is not reflected on the salary slip. ... Annual income tax = approximately Rs. 78,000 as per new tax regime. The net annual take-home salary as per old tax regime will therefore be: = CTC ... WebJul 20, 2024 · If your taxable income is above ₹ 5 lakh, you can avoid paying tax by investing in certain investment instruments For this financial year, if your salary is ₹ 5 … ikea outdoor lighting canada