Income tax tips: an annual wage.

No income tax: You are in a bracket of Rs 12 lakh. Your wages will soon increase. However, with an increase in salary, you are likely to go from zero tax status to the tax -upting category. Even if your annual salary is up to Rs.14.65 lakhs .. In the new tax system, you can plan without paying taxes.

How is the tax deduction for income of Rs 14.65 lakh?

Abhishek Soni, CEO of Tax 2 Win and co -convenor Abhishek Soni explained how wages costing the company (CTC) can pay for the new income tax system costing Rs 14.65 lakh. Look at it ..

Annual Income (CTC): 14,65,000

Source wage (50 percent of CTC): 7,32,500

NPS employer contribution (14 percent of basic): 1,02,550

EPF employer contribution (12 percent of basic): 87,900

Standard Cut: 75,000

Tax income (after discount): Rs. 11,99,550 (tax exemption amount for this amount of Rs 12 lakh). However, this policy may only be possible for employees with NPS and EPF contributing. Abhishek Soni said that the objective applies only to tease employees with the contribution of the employer.

Standard cut

In the new system, wage organisms get 75,000 standard deductions.

Section 80 CCD (2)

National Pension Scheme (NPS) under Section 80 CCD (2). You can invest 14 percent of your basic salary in NPS.

Employee Provident Fund (EPF)

The EPF has a tax deduction for the owner’s contribution (12 percent of the original wages).

In the new income tax process

The tax exemption limit in the new income tax system has increased from Rs 7 lakh to Rs 12 lakh. It can significantly benefit medium, high income.

Increase in NPS exception: Under Section 80 CCD (2) of the new tax system, up to 14 percent of the original salary+ DA is tax exemption for employer NPS contribution.

Exception by contributing EPF: EPF contributes with 12 % tax deduction in DA with the original salary of the employer.

Latest Income Tax Slab 2025-26

Rs.0 – Rs.4 lakh → no tax

4 lakh rupees – 8 lakh rupees → 5% tax

Rupee. 8 lakhs – Rs.12 lakh → 10% tax

Rupee. 12 lakh – 16 lakh rupees → 15%

Rupee. 16 Lakh – Rs.20 Lakh → 20%

Rs.20 Lakh – Rs 24 lakh → 25%

Rupee.

Reference: The above opinions and recommendations are individual analysts, HT Telugu V We recommend investors to contact certified professionals before taking any investment decisions.