[ad_1]\r\nKnow about the 7 income tax currently available\nAnnual income up to ₹2.5 lakh is exempt from tax. Those individuals earning between ₹2.5 lakh and ₹5 lakh have to pay 5
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Know about the 7 income tax currently available
\nAnnual income up to ₹2.5 lakh is exempt from tax.
Those individuals earning between ₹2.5 lakh and ₹5 lakh have to pay 5 percent tax.
Income between ₹5 and 7.5 lakh is taxed at 10 percent, while those between ₹7.5 and 10 lakh at 15 percent.
Those earning between ₹10 and 12.5 lakh have to pay tax at the rate of 20 percent, while those between ₹12.5 and ₹15 lakh have to pay at the rate of 25 percent.
Income above ₹15 lakh is taxed at 30 percent.
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