A simple guide to the five heads of income under the Income Tax Act, 1961, explaining salary, house property, business income, capital gains and other ...
Annual income of up to Rs 12 lakh: The new regime results in zero tax because of the interplay between rebate and standard deduction. Annual income of Rs 15–30 lakh, the gap remains wide unless the ...
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Tax computation: Does Section 87A apply if my income is Rs 12 lakh, but total income exceeds the limit?
I am a resident individual with a total income of Rs 15 lakh for FY26, comprising: Rs 12 lakh from rent and interest income (taxable at normal slab rates), and Rs 3 lakh from long-term capital gains ...
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