Income Tax: Income of Rs 19.20 lakh will also be tax-free in new tax regime, know the complete calculation. - Business League

Income Tax: Income of Rs 19.20 lakh will also be tax-free in new tax regime, know the complete calculation. - Business League

Income Tax Return: During the budget this year, Finance Minister Nirmala Sitharaman had announced to make annual income of Rs 12 lakh tax free under the New Tax Regime. Today we are telling you how you can make annual income of Rs 19.20 lakh tax-free by choosing the New Tax Regime. Every year taxpayers choose one of the two tax regimes, the first Old Tax Regime and the second New Tax Regime, to file Income Tax Return i.e. ITR. The central govern…

Income Tax New Rule: How much is Ravi's salary going to increase? According to Ravi, his salary is Rs 1 lakh per month. Last year, Ravi had to pay Rs 71,500 as income tax annually on this salary under the New Tax Regime.