Tax Statistics: Does your income are Rs 12,7800? Will you be taxed in Rs 3,000, or Rs 12,78000; Checking Details
New Tax Statistics: In the financial year 2025-26, taxpayers can pay their taxes as the new state proposed.
The Minister of Finance Ninmala Sithararan announced the proposed slabs in his budget 2025 speech on February 2025.
The amazing change is that tax revenue is increasing from Rs 7,00,000 to RS 12,00,000.
People are not paid, free tax limit is RS 12,75,000.
But what if someone gets more?
What if a person who is not Sariared receives Rs 12,03,000, and a professional person earns Rs 12,78,000?
Will they be taxed in all income or rising money for Rs 3,000? Know that the tax rule is-
The Slabs Tax of the Proposed New State
Let’s get started with the Slabs of the revised tax state.
When will a new tax return to be used?
The promised Tax State will be used from April 1, 2025. Taxpayers complete their income tax return (ITR) in the 2015-24 financial year.
What is the free tax limit for the proposed tax government?
Feelings of unbelievable people receive a high tax deduction of Rs 60,000, while people are paid by them to get regular reductions of Rs 75,000.
It takes free limit of unpaid taxes to RS 12,00,000, while people carrying salaries, it is Rs 12,75,000.
What if the money increases equally?
What if the taxpayer’s money rises up for several thousand rupees?
What Does the Law Say?
Here the sidewall relief comes to taxpayers, which reduces their tax debt with a few notes.
What is the additional freedom?
Signing Assistance Act states that if the income income increases in a small row, you are not required to pay the tax in addition to their maximum amount. Let us look at how the law will work.
Taxes on RS 12,78,000 Income
Here, we take the example of a man paying for a salarid year of year Rs 12,78,000.
They will receive normal deductions of Rs 75,000, so their tax revenue will be Rs 12,03,000.
If we keep recent help around, income taxes in all value as much as you will be Rs 60,450 (except 4 Pent CEECE CESTE).
But as the rising money of Rs 3,000 is under the tax credit for Rs 60,450, each individual’s tax will be Rs 3,000+ percent RS 3,000 percent (total Rs 3,120).
The same tax will be used for non-paid persons with access to RS 12,03,000.
