WebAfter making the eligible deductions, his taxable income works out to INR 8,10,000. Based on his age and taxable income, he needs to pay INR 12,500 + 20% of (8,10,000 – 5,00,000) as … WebApr 11, 2024 · Ans: ITR 2 is applicable if you have income from salary, multiple house properties, LTCG & STCG, and interest. Also, a partner’s income from the partnership firm …
Old Tax Regime Vs. New Tax Regime 2.0 – A Quick Guide With …
WebFeb 24, 2024 · Income Tax on Rs 8 lakh income. Without Exemptions/Deductions, the tax calculator shows those earning Rs 8 lakh annual income will have to pay Rs 75400 as tax … WebAug 21, 2024 · For the year ended 31st March, 2024 Paresh receives annual salary of ₹ 2,80,000. Paresh’s contribution to employees recognised provident fund account is ₹ 59,000 and matching contribution has been made by employer. Taxable income of Paresh will be (a) ₹ 1,96,400 (b) ₹ 2,06,400 (c) ₹3,39,000 (d) ₹ 2,80,000 Answer: (a) ₹ 1,96,400 bool c言語 if
income tax regime: New vs old income tax regime: Why you need …
WebApr 11, 2024 · This goes up to Rs 7 lakh under the new regime. Use Income Tax Calculator to decide. Also Read: New Tax Regime Calculator 2024-24: How much tax you will have to pay on Rs 9 to Rs 15 lakh income. WebApr 4, 2024 · You can avail a maximum deduction of Rs. 25,000 per year as you pay for medical purposes for self, spouse or children. The maximum tax deduction limit for senior citizens is Rs. 50,000. Also, if you have spent money on behalf of your parents then you get a maximum tax deduction up to Rs. 25,000. 2. Section 80G: Charitable Donations WebMar 23, 2024 · Income Tax Slab Rates for FY 2024-24 (AY 2024-25) As per the Union Budget 2024-24, a few key changes has been introduced under the new tax regime . The tax slab under new tax regime has been reduced from 6 to 5 and the basic exemption limit ha sbeen raised to Rs. 3 lakh from Rs. 2.5 lakh. bool c++ คือ