GroovyBiscuit
GroovyBiscuit
11mo
by

New Tax Regime ?

Can someone help me understand in new Tax Regime FY 25-26.

I have only one source of income and my CTC is 12.5 (including variable). Tax will be deducted under Regime? or I won't have any tax deducted from my payslip at all?

Please help me understand the tax structure

11mo ago
SnoozyPotato
SnoozyPotato

you wont be deducted as long as the total income falls under 12.7 lacs

DerpyDumpling
DerpyDumpling

If my ctc is 13 and if i subtract pf gratuity, it will be 12 and standard deduction if we subtract it will be less than 12, so no tax for me right?

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