Mr. Ayushmann Khurana has just received his Form 16. His annual salary package (including employer’s NPS contribution) is Rs. 15 lakh, and everyone around him is giving different answers about how much income tax he has to pay. One friend says, “There’s no tax up to Rs. 12 lakh now.” Another says, “You still have […]
Mr. Ramesh has just received his Form 16 from his employer. While preparing to file his Income Tax Return, he notices that his taxable income is around Rs.11.80 lakh under the new tax regime. A question immediately comes to mind: Do I have to pay income tax, or can I claim the Section 87A rebate?
Section 87A Rebate: Who Can Claim It and How It Reduces Your Income Tax (FY 2025-26) Read More »
One of the most frequently asked questions among employees is: “If my CTC is ₹13 lakh, how much income tax do I have to pay under the New Tax Regime?” The answer depends on the salary structure, taxable income, and available deductions. Several components included in CTC do not form part of the employee’s immediate
Income Tax on ₹13 Lakh Salary Under the New Tax Regime (FY 2025-26) Read More »
One of the most common questions among salaried employees is: “How much income tax will I pay if my CTC is ₹9 lakh?” Many people assume that a ₹9 lakh salary package automatically results in a substantial tax liability. However, under the New Tax Regime applicable for FY 2025-26 (AY 2026-27), the actual tax payable
