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Rs. 10.5L earner: Will I pay tax or am I exempt?

Vivek Lala | Answer |Ask -Follow

Tax, MF Expert - Answered on Jun 04, 2025

Vivek Lala has been working as a tax planner since 2018. His expertise lies in making personalised tax budgets and tax forecasts for individuals. As a tax advisor, he takes pride in simplifying tax complications for his clients using simple, easy-to-understand language.
Lala cleared his chartered accountancy exam in 2018 and completed his articleship with Chaturvedi and Shah. ... more

Question by Zia on Feb 01, 2025Hindi

Money

My annual income is Rs. 10.50 lakhs. Do I need not to pay any income tax or will have to pay as per 0-4 lakhs( )%) + 4-8 lkahs( 5%) +8-10.5 lakhs( 10%).

Ans: as per FY 25-26, no tax for any salaried person up to 12.75L

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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