SillyTaco
18moTrending @Accenture; Can someone enlighten me on tax?
So I recently joined as an ASE. 4.6 CTC and 3.83 base. Selected the new tax regime so I am taxable 5% now as per the new budget. What do I have to do ? Will the tax amount get deducted on it’s own in my payslip ?
18mo ago
WobblyRaccoon
18mo
As per your salary you should not have any tax to pay
SillyTaco
18mo
Doesn’t my salary fall under 3-5Lpa 5% tax. Can you explain how i am not taxable ?
FluffyMarshmallow
18mo
According to the Income Tax Act 1961, if your gross taxable income is below Rs 5 lakhs per annum, then you can claim tax rebate u/s 87A. As per section 87A you can claim a tax rebate of up to Rs 12,500 via tax SOP.
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