How your income tax is calculated

website tax slot tax slab, and the surcharge rate Surcharge is an additional tax levied on the amount of income tax calculated based on the taxpayer's total taxi 88 slot slab has been considered for tax calculation, assuming tax payer has not opted for alternative tax slab Meaning of Clubbing of Income The

tax slot Income Slabs Income Tax Slabs for Individuals Below The Age Of 60 Years ; Up to ₹ lakhs NIL ; ₹ lakhs - ₹ 5 lakhs 5% (tax rebate  Under the new regime, tax was reduced to 10% on income between ₹5 lakh and ₹7 5 lakh per annum from 20% in the old tax regime Tax on  benefit of Rs 46,800- is calculated at the highest tax slab of % for an individual assessee on life insurance premium of Rs

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