GigglyPenguin
GigglyPenguin
13mo

Trending @Infosys; How will the new tax regime work?

Considering your salary is 12 LPA So, from

0 - 4 LPA -> Tax amt = NIL 4 - 8 LPA -> Tax amt = 20k 8 - 12 LPA -> Tax amt = 40k

So, your total tax amount becomes 60k and then you'll get rebate of 60k and your tax will become ₹0

If you're a salaried employee: then you'll not be taxed till 12.75 LPA, considering 75k standard deduction claim.

I hope, it clears everything about the new tax regime FY'25

13mo ago
SparklyNoodle
SparklyNoodle

How to get a rebate

SqueakyWaffle
SqueakyWaffle

File Income Tax Return

SqueakyWaffle
SqueakyWaffle

Rebate = Refund

SparklyNugget
SparklyNugget

Means infy don't deduct tax for 12.75lpa or it deducts and we can get rebate while filing ITR

SwirlyQuokka
SwirlyQuokka

Good analysis

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