How Much Amount Is Not Taxable In India

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How Much Amount Is Not Taxable In India
How Much Amount Is Not Taxable In India


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It is not possible to save tax by gifting However gifting by itself among relative is non taxable without any upper limit And gift upto Rs 50 000 is not taxable in other cases

No income tax will payable if your taxable income does not exceed Rs 7 5 lakh However if your total taxable income is above Rs 7 5 lakh you will have to pay income tax

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Whether Gratuity Taxable Or Not Income Tax Calculation On Gratuity

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Impact An individual opting for the new tax regime and having taxable income of up to Rs 7 lakh will not be required to pay any taxes at the time of filing ITR

The majority of taxpayers are eligible for a number of exemptions that can be used to lower their taxable income while some people and organisations are fully free from paying

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Is gifting money to parents taxable in India No gifting money to parents in India is not taxable as long as they are your parents or are relatives Under the Income tax rules gifts from NRIs to relatives in India

Under current tax laws not all gifts received in India are subject to tax However the Income Tax Act 1962 includes key provisions which allow you to receive various tax exempt gifts Cash gifts You do

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Income Tax For Income Of Up To Rs 7 5 Lakh The

https://economictimes.indiatimes.com…
No income tax will payable if your taxable income does not exceed Rs 7 5 lakh However if your total taxable income is above Rs 7 5 lakh you will have to pay income tax

Whether Gratuity Taxable Or Not Income Tax Calculation On Gratuity
Income Tax Slabs FY 2023 24 amp AY 2024 25 New amp Old Regime

https://cleartax.in/s/income-tax-slabs
How much income is tax free in India Income tax law has prescribed a basic exemption limit for individuals up to which the taxpayers are not required to pay

No income tax will payable if your taxable income does not exceed Rs 7 5 lakh However if your total taxable income is above Rs 7 5 lakh you will have to pay income tax

How much income is tax free in India Income tax law has prescribed a basic exemption limit for individuals up to which the taxpayers are not required to pay

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