‘Those earning between Rs 12L-Rs 12.75L…’: Tax calculations for those earning more than Rs 1 lakh per month explained

‘Those earning between Rs 12L-Rs 12.75L…’: Tax calculations for those earning more than Rs 1 lakh per month explained

Income Tax-Budget 2025: In the 2025 Union Budget, Finance Minister Nirmala Sitharaman provided much-needed relief to the middle class by introducing a significant update to the income tax slabs in the new tax regime. As per the revised structure, individuals with yearly earnings not exceeding Rs 12 lakh will be relieved from paying income tax, … Read more

Tax Query: How taxes are computed on new fund offers (NFOs)? Is there are change introduced in Union Budget 2024?

Tax Query: How taxes are computed on new fund offers (NFOs)? Is there are change introduced in Union Budget 2024?

I am 45 and I have invested in 5 new fund offers in July and August. How are NFOs taxed? Is there are changes introduced in Union Budget 2024? Name withheld on request How much tax do I have to pay? Calculate now Reply by CA (Dr.) Suresh Surana The taxation of NFOs, like other … Read more