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Showing 1-4 of 4 (Page 1 of 1) • Filter: Suspected duplicates • Viewing duplicate group for ID 5120IT Act 2025 Sec 156 - Ms. B (new regime u/s 202) की Tax Year 2026-27 कुल आय ₹11,00,000 (salary, standard deduction ₹75,000 already adjusted). Sec 202 slabs पर tax और Sec 156 rebate के बाद net tax? / Ms. B (new regime u/s 202) has total income ₹11,00,000 (standard deduction ₹75,000 already adjusted). Tax after Sec 202 slabs and Sec 156 rebate?
4 similar found — View groupSolution:
Under Section 202, tax is nil up to 4 lakh, 5 percent on the next 4 lakh gives 20,000, and 10 percent on the next 3 lakh gives 30,000, totalling 50,000 before rebate. Section 156 provides rebate up to 12 lakh income with marginal relief, reducing net tax to nil in this case. Standard deduction of 75,000 for salary is available under Section 19 in the new regime. Sec 202: Nil upto 4L; 5% on 4-8L = ₹20,000; 10% on 8-11L = ₹30,000. Gross tax = ₹50,000. Sec 156 rebate: income upto ₹12L पर tax rebate (marginal relief सहित) - net tax Nil. Standard deduction new regime में ₹75,000 (Sec 19).
IT Act 2025 Sec 156 - Ms. B (new regime u/s 202) की Tax Year 2026-27 कुल आय ₹11,00,000 (salary, standard deduction ₹75,000 already adjusted). Sec 202 slabs पर tax और Sec 156 rebate के बाद net tax? / Ms. B (new regime u/s 202) has total income ₹11,00,000 (standard deduction ₹75,000 already adjusted). Tax after Sec 202 slabs and Sec 156 rebate?
4 similar found — View groupSolution:
Under Section 202, tax is nil up to 4 lakh, 5 percent on the next 4 lakh gives 20,000, and 10 percent on the next 3 lakh gives 30,000, totalling 50,000 before rebate. Section 156 provides rebate up to 12 lakh income with marginal relief, reducing net tax to nil in this case. Standard deduction of 75,000 for salary is available under Section 19 in the new regime. Sec 202: Nil upto 4L; 5% on 4-8L = ₹20,000; 10% on 8-11L = ₹30,000. Gross tax = ₹50,000. Sec 156 rebate: income upto ₹12L पर tax rebate (marginal relief सहित) - net tax Nil. Standard deduction new regime में ₹75,000 (Sec 19).
IT Act 2025 Sec 156 - Ms. B (new regime u/s 202) की Tax Year 2026-27 कुल आय ₹11,00,000 (salary, standard deduction ₹75,000 already adjusted). Sec 202 slabs पर tax और Sec 156 rebate के बाद net tax? / Ms. B (new regime u/s 202) has total income ₹11,00,000 (standard deduction ₹75,000 already adjusted). Tax after Sec 202 slabs and Sec 156 rebate?
4 similar found — View groupSolution:
Under Section 202, tax is nil up to 4 lakh, 5 percent on the next 4 lakh gives 20,000, and 10 percent on the next 3 lakh gives 30,000, totalling 50,000 before rebate. Section 156 provides rebate up to 12 lakh income with marginal relief, reducing net tax to nil in this case. Standard deduction of 75,000 for salary is available under Section 19 in the new regime. Sec 202: Nil upto 4L; 5% on 4-8L = ₹20,000; 10% on 8-11L = ₹30,000. Gross tax = ₹50,000. Sec 156 rebate: income upto ₹12L पर tax rebate (marginal relief सहित) - net tax Nil. Standard deduction new regime में ₹75,000 (Sec 19).
IT Act 2025 Sec 156 - Ms. B (new regime u/s 202) की Tax Year 2026-27 कुल आय ₹11,00,000 (salary, standard deduction ₹75,000 already adjusted). Sec 202 slabs पर tax और Sec 156 rebate के बाद net tax? / Ms. B (new regime u/s 202) has total income ₹11,00,000 (standard deduction ₹75,000 already adjusted). Tax after Sec 202 slabs and Sec 156 rebate?
4 similar found — View groupSolution:
Under Section 202, tax is nil up to 4 lakh, 5 percent on the next 4 lakh gives 20,000, and 10 percent on the next 3 lakh gives 30,000, totalling 50,000 before rebate. Section 156 provides rebate up to 12 lakh income with marginal relief, reducing net tax to nil in this case. Standard deduction of 75,000 for salary is available under Section 19 in the new regime. Sec 202: Nil upto 4L; 5% on 4-8L = ₹20,000; 10% on 8-11L = ₹30,000. Gross tax = ₹50,000. Sec 156 rebate: income upto ₹12L पर tax rebate (marginal relief सहित) - net tax Nil. Standard deduction new regime में ₹75,000 (Sec 19).