Tax for CTC of 5LPA
Hi all, Please let me know how much tax would be deducted yearly for the CTC of 5LPA.
But currently, I am seeing in my salary that 50,000 as standard tax deduction. Is there anyway how to remove or deselect this standard deduction?
Standard deduction is a term of Rs.50,000 that will be deducted from your salary before calculating tax.
Hi. Yes.
The 50000 is not tax deduction, it is standard deduction that they perform in new tax regime.
You can invest in NPS for 50000 to avoid this.
But however, your amount will get locked in till you are 60 years.
This is really not a big issue. For old tax regime- they have 80D, 80D, 80T and a lot of other.
If you see your salary components, all valued will match the CTC comp letter.
So do not stress too much about it.
Hope this helps.
TCS itni salary deta hi nhi h ki tax bhare koi. So take a chill pill.
In both old and new no tax
Bro simply select new regime and keep quiet. No need to do anything
No tax will be deducted t for 5 lpa , go for new tax regime
Please use the income tax calculator from www.y Nithya.com
Around 30 thousand tax per month
₹10000/
0 tax on 5 LPA for both regimes
