Income tax calculation under new income tax regime: How to pay zero tax with CTC of around Rs 17 lakh by restructuring salary
Tuesday, 25 February 2025 () Latest income tax calculation post Budget 2025: Starting April 1, 2025, individuals earning up to Rs 12 lakh under the new income tax regime. However, those who earn above that level have salary restructuring options including conveyance reimbursement, transport allowances, phone bill reimbursements, and car leasing perks to reduce tax outgo.
In a major relief for taxpayers, Finance Minister Nirmala Sitharaman announced that individuals earning up to ₹12 lakh annually will now be exempt from paying income tax. This unprecedented move aims..
Trump insisted on replacing Income Tax with tariffs. He outlined this proposal at 2025 Republican Issues Conference (GOP House Dinner). Trump also asserted that the US had no income tax prior to 1913...
Tuesday, 25 February 2025 ()
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