Income Tax

10 Lakh Income Tax Free in India ?

Many salaried professionals in India wonder whether earning ₹10 lakh a year can be completely tax-free. The short answer is no. Under the latest income tax rules, including changes introduced in the Union Budget for FY 2024-25, a ₹10 lakh income falls into a higher tax bracket, making it taxable. However, with the right planning […]

Income Tax

What is the current income tax in India ?

The income tax structure in India has undergone significant changes following the Union Budget 2024. The government has revised tax slabs and increased exemptions, aiming to simplify compliance and reduce the tax burden for individuals. Whether you’re a salaried professional, senior citizen, or pensioner, staying informed about the latest tax updates is crucial for smarter