Tax calculator allows you to calculate taxes based on your income. A person who is in the taxable income bracket has to pay a certain percentage of his or her net annual income as income tax. Income ...

The Income Tax Act was enacted in the year 1961 and is the statute under which everything related to taxation is listed. This includes levy, collection, administration and recovery of income tax.

Less: Exemptions on Salary income (other than HRA) which are not allowed under New Regime (e.g. Leave travel allowance, Education allowance, Hostel allowance etc.) Less: Exemptions on Salary ...

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