Why Are There Income Tax Slabs For Those Earning Below Rs 12 Lakh? Explained
The income up to Rs 12 lakh is tax free due to the rebate under Section 87A of the Income Tax Act, 1961. The revised income slabs will be applicable on those earning above Rs 12 lakh under the new tax regime. know how:
The income up to Rs 12 lakh is tax free due to the rebate under Section 87A of the Income Tax Act, 1961. The revised income slabs will be applicable on those earning above Rs 12 lakh under the new tax regime. know how:
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Subhashree
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