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New income tax slabs in budget 2020 (for FY 2020-21)

  New income tax slabs in budget 2020 (for FY 2020-21) Taxable Income Range (In Rs.) Tax Rate before Budget 2020 (Old regime) Tax Rate after  Budget 2020 (new regime) 0-2.5 lakh Exempted Exempted 2.5-5 lakh 5% 5% 5-7.5 lakh 20% 10% 7.5-10 lakh 20% 15% 10-12.5 lakh 30% 20% 12.5-15 lakh 30% 25% Above 15 lakh 30% 30%

Zero Tax on Salary Income INR 20+ Lakhs? Legal Way Here…

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  Zero Tax on Salary Income INR 20+ Lakhs? Legal Way Here… The income tax provision is applicable to all the individuals who have been eligible to the income tax bracket as decided by the government of India. The income tax slab starts from INR 5 lakh for individuals having income on a yearly basis. There are also certain provisions and deductions which can be done to save the taxes on even the eligible income tax bracket. Here in the blog post, we would be finding out ways to  save income tax  even if the income surpasses the INR 20 lakh limit which is seen as a high-income bracket and this CTC also attracts higher tax than the lower bracket. However, we would be doing a detailed analysis on this particular tax-saving technique and would recommend going once through the post. We are here to help by making your tax liability zero even if your cost to the company (CTC) is Rs 20.41 lakhs per annum for FY 2021-22. Suggestion to Consider for making Income Tax Zero when Income...

Eathquake in chennai

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  Strong mag. 5.1 earthquake - Bay of Bengal, 275 km southeast of Machilipatnam, Krishna, Andhra Pradesh, India, on Tuesday, 24 Aug 2021 12:35 pm (GMT +5:30) -  32 minutes ago Updated: 24 Aug 2021 07:34 GMT - 3 minutes ago Refresh Quake Data  |  Interactive map  |  User Reports  |  Aftershocks  |  Earlier quakes in same area  |  Quakes in India  |  Andhra Pradesh  |  Tamilnadu Strong magnitude 5.1 earthquake at 10 km depth 24 Aug 07:09 UTC :  First to report: VolcanoDiscovery after 3 minutes. 24 Aug 07:16 : Now using data updates from GFZ 24 Aug 07:20 : Now using data updates from NCS I felt this quake I didn't feel it Date & time: 24 Aug 2021 07:05:50 UTC -  32 minutes ago Local time at epicenter:  Tuesday, 24 Aug 2021 12:35 pm (GMT +5:30) Magnitude: 5.1 Depth: 10.0 km Epicenter latitude / longitude:  14.4°N / 82.91°E ↗   ( Bay of Bengal ,  India ) Antipode: ...