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- Budget 2025 Marginal Relief: Tax Savings Guide for Income . . .
Marginal relief under Section 87A ensures tax on income exceeding ₹12 lakh doesn't exceed the incremental amount up to ₹12 75 lakh Benefits resident individuals with taxable income between ₹12-12 75 lakh, preventing disproportionate taxation on small income increases
- Marginal Relief in Income Tax For FY 2025-26 - Tax Guide
In summary, marginal relief for FY 2025-26 is a crucial provision that helps individuals whose income exceeds ₹12 lakh by preventing a disproportionate tax burden resulting from small increases in earnings
- Marginal Relief for Taxpayers in 2025 - StoxN Tax
If your income exceeds Rs 12 lakh by Rs 5,000, marginal relief guarantees that your total tax liability does not surpass Rs 5,000 (the surplus over Rs 12 lakh) Therefore, tax payable would be Rs 5,000 instead of Rs 60,750
- Marginal relief for those earning just over Rs 12 lakh; here . . .
Those earning just over Rs12 lakh, the threshold for nil tax, won't be unfairly taxed due to marginal tax relief For example, a person with a taxable salary of Rs 12,10,000 will otherwise have to pay Rs 61,500 tax However, a person with an income that's just Rs 10,000 less doesn't pay any
- Earning just over Rs 12 lakh? Marginal relief will reduce . . .
Marginal relief prevents an unfair tax burden for those whose income slightly exceeds Rs 12 lakh Let's see how marginal relief can come to the rescue Case 1: Without marginal relief (Income: Rs 12 05 lakh) Suppose your taxable income (after the Rs 75,000 standard deduction) is Rs 12 05 lakh
- Income Tax Surcharge Rate Marginal Relief for AY 2025-26
The individual will get a marginal relief of the difference amount between the excess tax payable on higher income i e (Rs 14,76, 750 minus Rs 13,12,500 = Rs 1,64,250 ) and the amount of income that exceeds Rs 50 Lakhs i e (Rs 51,00,000 minus Rs 50,00,000 = Rs 1,00,000)
- The Marginal Tax Relief in the New Tax Regime 2025 - ET Money
Marginal relief ensures that individuals earning slightly above ₹12 lakh do not face disproportionate tax burdens Specifically: If taxable income falls between ₹12 lakh and ₹12 75 lakh, the tax payable cannot exceed the incremental income over ₹12 lakh
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