Why Tax of Rs. 26,000 on 13 Lakh Income in New Tax Regime? [Video]
You need to pay tax of Rs. 26,000 on 13 lakh income with new tax regime in FY 2025-26, instead of Rs. 66,300, due to marginal relief benefit. Based on marginal relief under Section 87A, if your income is slightly above Rs. 12.75 lakh in FY 2025-26, you only have to pay the amount that …
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