If your salary is just above Rs 12 lakh, do you pay full tax of Rs 61,500?
Central Board of Direct Taxes (CBDT) has clarified that marginal relief applies to incomes up to Rs 12.75 lakh. This means ...
Budget 2025's ₹12 lakh tax break: Here's what marginal relief, rebate means for your income
At the heart of the confusion lie two terms: rebate and marginal relief. Simply put, a rebate is a deduction that eliminates ...
Yahoo Finance2d
Billionaires vs. the Middle Class: Who Pays More in Taxes?
Just because taxes are a big platform for Trump does not mean ... about 42% of their income in federal state and local government taxes, which means that the current tax marginal tax rate of ...
DSIJ Pvt Ltd3d
Tax Relief for Those Earning Just Over Rs 12 Lakh: Here's How Much You Can Save with Marginal Relief
In the latest budget announcement, a significant change has been introduced to the tax structure that impacts individuals ...
Will your Rs 12-lakh salary enjoy ‘nil’ tax even with additional STCG income? Here’s what experts say
Chartered accountants differ on a salaried taxpayer’s eligibility for the tax rebate if her total income—including special ...
Business Today7d
Budget 2025’s ₹12 lakh tax break: Here's what marginal relief, rebate means for your income
For instance, consider an individual with an income of ₹12,10,000. Without marginal relief, their tax liability would be ₹61,500 — calculated through progressive tax slabs (5% on ₹4 lakh ...