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Tax on 15 Lakh Income in India: Detailed Guide on Rates, Deductions, and Taxable Income in 2025

If your annual income exceeds ₹15 lakhs, you enter a higher income tax bracket in India, making tax planning essential to minimise liability. The government offers two tax regimes: the old and the new, each with its structure of slabs, rates, and deductions. Understanding the applicable t

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Tax on 5 Lakh Income in India: Calculation, Rebates, and Tax-Free Options Explained in 2025

When earning an annual income of ₹5 lakh, understanding how much tax you'll owe and how to reduce your liability is crucial. Whether you’re a salaried individual or self-employed, knowing the tax on ₹5 lakh income can help you maximise deductions, avoid common mistakes, and ensure you pay

Written by Suju

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