Income Tax Statistics: Your RS 15 Lakh Money can be taxed; See counting

The new royal tax statistics: Financial year 2024-25 is about to end. Taxpayers can include the income tax return (ITR) in the old tax returns.

However, the photo will change from the financial year 2025-26, which will start on April 1, 2025.

Taxpayers will be able to include their ITR as justice of specific taxes, which is presented in the Budget 2025 per month ago.

High Changes in New Tax Kingdom

The most amazing change in a new tax government that income until RS 12,00,000 has no income tax.

Also to the high-level people are involved, they need not pay any tax until the income of Rs 12,75,000.

But what if the income is Rs 1,500,000? What will be tax debt, and can we do tax free? How?

Tax credit to Rs 1,500,000 Income

Before knowing that, let’s pass on the new Slabs Tax Regime on the proposed tax. Here, you can see that amount from Rs 12,00,000 to Rs 16,00,000 falls in 15 percent.

Tax credit to Rs 15,00,000 income

After the general depreciation of Rs 75,000 under Section 87A under section 87A of the Income Tax Act, 1961, tax credit for RS 14,500, where Rs 3,750.

Now the question is how to do the tax.

How to do Rs 15,00,000 income tax income

By means of the proposed tax government, there is some resting to make the money you receive about RS 15,00,000.

• The National Pension System Contribution from the employer’s side
• Transmission of Financial Replacement
• Uniform Bill Refund
• The return phone return phone return
• Food Recovery / Entertainment

Let’s get through each.

NPS tax benefits to new taxpayers

Taxpayers can receive tax benefits from the employer’s employer in their NPS account until 14 percent of their basic income under Section 80CCD (2).

Let’s imagine that the basic salary of the person receiving Rs 15,00,000 Rs 7,50,000. The 14 Employers’ contribution will be RS 1,05,000.

Shipment Grant

Transfer of employees for official purposes, may apply for refunds.

One can receive this refunds in their salary building for tax benefits.

Let’s imagine that on Rs 5,000 a month, you get a profit of Rs 60,000 a year.

Equality Grant

You can find it included in your salary building.

At RS 15,00,000, you may easily find Rs 2,000 per month as a uniform allowance, where the year will be RS 24,000>

Mobile Debt

If you use your mobile phone or Internet connection for office office, you can find the restoration of it.

Either RS ​​1,500 or higher. On Rs 1,500 per month, you can get 18,000 refund per year for money.

Food / Entertainment Payment

You can get refunds / hobbies as part of your salary structure.

In the package of RS 15,00,000 income, refund can be Rs 3,000 per month or Rs 36,000 per year.

Tax credit after reduction

After regular reduction, tax revenue was Rs 14,25,000.

If we include the NPS employer contribution and refund, it will be Rs 2,43,000.

After this reduction, tax revenue will be RS 11,82,000, when after RS ​​38,200 discount under Section 87a, all income does not have taxes.