The new budget didn’t change much in tax computation, the slabs were raised by 10,000, so after the change, the new slabs are Rs.240,000 for senior citizens, Rs.190,000 for women and Rs.160,000 for others. Surcharge of 10% on personal tax has been removed.
“Plan early and start early”. That’s the saving mantra. So download Nithya’s Tax Calculator and figure out how much you will need to pay as taxes, and how much can you save.
Also Read: Tax Saving made easy. Simple guide to save income tax.
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