QuirkyPanda
QuirkyPanda
10mo

Trending @Infosys; regarding salary

Hi folks,

Accord to budget 2025, there is no tax upto 12 LPA. i received my april salary but the salary is same as previous months. there is no increase in pay. is that same for you all?

10mo ago
ZoomyPancake
ZoomyPancake

if your taxable salary is more than 12.75 i think you are taxed as per slabs. in that case the 12LPA rebate is not applicable.

QuirkyPanda
QuirkyPanda

Hi, thanks for the reply. but my ctc is 11.3 with 113000 as variable including. in payslip it is showing 75000 standard deductions will be done for this year. why tho?

MagicalBagel
MagicalBagel

The new budget no taxes upto 12LPA is a rebate. There's 75k standard deduction which means your taxable income will be 75k less which is good. Now the rebate part means you will be taxed, but you get entire amount you paid as tax back to you. So you will see IT in your salary slip

PrancingBanana
PrancingBanana

U need to go with new tax regime then only you will get the benefit

SquishyPretzel
SquishyPretzel

Yes till march tax was being deducted but now tax didn’t got deducted

DancingLlama
DancingLlama

Same for me

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