Скачать или смотреть "Marginal Relief Explained: Income Tax FY 2025-26 💡"

"Marginal Relief Explained: Income Tax FY 2025-26 💡"

"Understanding Marginal Relief for FY 2025-26 with corrected calculations! 📊

If your income is ₹12,01,000,(After Standard Deduction of Rs. 75000) here's how marginal relief ensures fair tax treatment:

1. *Without Marginal Relief:*
Total Income: ₹12,01,000
Tax (New regime): ₹60,150 (accurately calculated).

2. *With Marginal Relief:*
Marginal increase in income beyond ₹12,00,000: ₹1,000

3. *Which Tax to Pay:*
Marginal Relief applies if the additional tax due to excess income is higher than the income above ₹12,00,000. In this case, tax payable is the lower of:
Total Tax (₹60,150), or
Excess Income Over ₹12,00,000 (₹1,000).
i.e. Rs.1000

Marginal Relief ensures that tax liability remains proportionate and fair for middle-income earners.

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