Will you pay Rs 61,500 as income tax on Rs 12.10 lakh income? Know how marginal relief comes into play

Marginal tax relief for Rs 12 lakh: Individuals having taxable income of Rs 12 lakh will not required to pay any tax from FY 2025-26. However, there can be taxpayers whose taxable income exceeds Rs 12 lakh, even after claiming all the eligible deductions. Will they have to pay higher tax?

from Tax-Wealth-Economic Times https://ift.tt/fvwRj9G