Fulfilling tax liabilities every year is one of the most important things that you need to do. The Govt. of India has set up several rules and guidelines for this purpose. The tax amount that we pay every year depends on how much we earn. I recently received a promotion, and my current annual salary amounts to Rs. 25 Lakhs. And every time I receive my salary, around Rs. 70,000 gets deducted. Since I didn’t know about income tax on 25 lakhs salary, I started researching.
What is the Income Tax for 25 Lakhs Per Annum?
Through my research, I came to know that the income tax I pay is Rs. 12,500 + 30% above Rs. 10,00,000. So, if you are making around Rs. 25,00,000 per year in India, then the amount of tax you need to pay is Rs. 8,85,000.
This means that the amount that you will be earning per year is Rs. 1,615,000. This amount, when calculated per month, is Rs. 1,34,583.
This is the tax on 25 lakh salary that you have to pay. I hope you find this easy and helpful.
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What is the Income Tax on 25 Lakhs Salary?
Tamal
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27 days
2025-01-31T10:48:47+00:00 2025-01-31T10:48:48+00:00Comment
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