what is the tax for 13 lakhs per annum jobs - Indeed

226,226 What Is the Tax For 13 Lakhs Per Annum jobs available on Indeed.com. Apply to Tax Preparer, Senior Tax Associate, Bookkeeper and more!

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Income Tax Calculator - Calculate Your Taxes For FY 2025-26

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Feb 1, 2025 · 10% of Income tax if total income > Rs.50 lakh and < Rs.1 crore, 15% of Income tax if total income > Rs.1 crore and < Rs.2 crore, 25% of Income tax if total income > Rs.2 crore …

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For example, consider an individual earning ₹10 lakhs per annum under the new tax regime for AY 2025-26. The first 3 lakhs are tax-free. The next 4 lakhs (7 - 3 = 4 lakhs), are taxed at 5%, …

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FAQs about what is the tax for 13 lakhs per annum jobs - Indeed Coupon?

What if you earn more than 13 lakh a year?

But what if you have a higher annual income, say Rs 13 lakh or more? You could still end up paying no tax. Salaried individuals earning more than Rs 12.75 lakh annually can still end up paying no tax in some situations. The new income tax regime got a major revamp in the Union Budget 2025, aimed at benefiting middle-class taxpayers. ...

Is 13 lakhs a good income?

When you earn an annual income of ₹13 lakhs, you will fall into a higher tax bracket, and your tax liability will be significant. However, with smart tax planning, such as utilizing deductions and exemptions, you can reduce your taxable income and save money. ...

Do you pay income tax if you earn 12 lakh a year?

Throwing light, retired income-tax officer Sathyan Iyer said, “Under the new tax regime, individuals earning up to Rs 12 lakh annually will not have to pay any income tax. ...

How much tax rebate is applicable on income up to 12 lakh?

Earlier, the tax rebate of Rs 25,000 was applicable on annual income up to Rs 7 lakh, but now it will apply to income up to Rs 12 lakh. With these changes, individuals with an annual income of up to Rs 12.75 lakh will effectively pay no tax. ...

What is the tax rate above Rs 24 lakh?

The next slab is Rs 4-8 lakh where the tax rate is 5%, followed by 10% in the Rs 8-12 lakh slab, 15% in the Rs 12-16 lakh slab, 20% in the Rs 16-20 lakh slab, and 25% in the Rs 20-24 lakh slab. It's flat 30% above Rs 24 lakh. How Is Income Tax Calculated? ...

How much tax is exempt for 12 lakh?

The government has introduced a new slab system, where tax is completely exempt for incomes up to ₹12 lakh. For salaried individuals, this limit increases to ₹12.75 lakh after factoring in the standard deduction of ₹75,000. Finance Minister Nirmala Sitharaman has introduced a major tax relief, making incomes up to ₹12 lakh tax-free. ...