Home > Money > Question

Sign In | Create an account

Language:

Now in हिन्दी too

Need Expert Advice?Our Gurus Can Help

I earn ₹22 LPA. What are my tax liabilities?

Anil Rego |388 Answers |Ask -Follow

Financial Planner - Answered on Feb 01, 2025

Anil Rego is the founder of Right Horizons, a financial and wealth management firm. He has 20 years of experience in the field of personal finance.
He’s an expert in income tax and wealth management.
He has completed his CFA/MBA from the ICFAI Business School.... more

Asked by Anonymous - Feb 01, 2025Hindi

Money

Hi samkit, Please let me know the tax accountability of a person who earns 22 LPA. Regards

Ans: Considering an annual income of ?22 LPA as salary income, the standard deduction of ?75,000 is applicable, resulting in a total tax liability of ?2,31,250 under the new tax regime. After including the 4% cess, the total tax payable will be ?2,40,500. If the income is from sources other than salary, the standard deduction will not be applicable.

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.

MoneyReply

You may like to see similar questions and answers below

Mahesh Padmanabhan |124 Answers |Ask -Follow

Tax Expert - Answered on Feb 03, 2023

Question by Mehul - Feb 02, 2023Hindi

If HUF has income of 6.5lacs, will there be no tax?

Ans: Hi Mehul
A HUF cannot claim the benefit of rebate under section 87A with the enhanced limit of Rs. 7 Lakhs hence based on the tax saving investments of the HUF, the relevant tax (if applicable) would be levied

Mihir Tanna |1043 Answers |Ask -Follow

Tax Expert - Answered on May 15, 2023

Asked by Anonymous - May 12, 2023Hindi

Money

Hi Sir, Can u advise tax liability as per new tax regime whr my income in 11lac pa

Ans: Person earning income from salary will get standard deduction of 50k under new tax regime in FY 23-24 and tax liability will be Rs.70200.

You can check the same at https://incometaxindia.gov.in/Pages/tools/115bac-tax-calculator-finance-bill-2023.aspx

Anil Rego |388 Answers |Ask -Follow

Financial Planner - Answered on Feb 01, 2025

Asked by Anonymous - Feb 01, 2025Hindi

Money

What would be my tax structure under new regime with CTC of 19 LPA

Ans: Considering your salary income of Rs.19 LPA as salary income, standard deduction of Rs.75,000 is applicable resulting in tax liability of Rs.1,65,000 according to the new tax regime. Post 4% cess your total tax liability will be Rs. 1,71,600.

Vipul Bhavsar |57 Answers |Ask -Follow

Tax Expert - Answered on Apr 04, 2025

Asked by Anonymous - Mar 03, 2025Hindi

Money

My CTC is 17.40 LPA then how much income Tax will be deducted as per New tax regime. Please Explain as per Tax Slab.

Ans: 138320 for FY 2025-26

Latest Questions

Dr Dipankar Dutta |1154 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Apr 20, 2025

Asked by Anonymous - Apr 19, 2025Hindi

I got 84.79 percentile in jee main 2025. Rank 2248534 SC rank 11999 Will I get into NITor IIIT?

Ans: Mid-Tier NITs (e.g., NIT Patna, Raipur) CSE/ECE 1,000–8,000 Unlikely
Mid-Tier NITs Civil/Mech/Metallurgy 8,000–15,000 Possible (borderline)
Lower NITs (e.g., NIT Mizoram, Manipur) All Branches 10,000–20,000 Safe
Newer IIITs (e.g., IIIT Bhagalpur, Agartala) ECE/IT 5,000–15,000 Likely
Top IIITs (e.g., IIIT Hyderabad, Delhi) All Branches

Dr Dipankar Dutta |1154 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Apr 20, 2025

Question by Himanshu - Apr 19, 2025Hindi

Can I get any govt college through sc rank 52353

Ans: NITs CSE/ECE 1–15,000 Unlikely
NITs Civil/Mech/Metallurgy 15,000–50,000 Borderline (possible in lower NITs)
IIITs ECE/IT 10,000–40,000 Unlikely
IIITs Other branches 40,000–60,000 Possible (e.g., IIIT Bhagalpur, Agartala)
GFTIs (like SLIET, IIEST) All branches 30,000–70,000 Good chance (e.g., IIEST Shibpur, NITTR)

Dr Dipankar Dutta |1154 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Apr 20, 2025

Asked by Anonymous - Apr 19, 2025Hindi

I got a rank of 46000 in jee mains and I have college options like IIIT ece - una, sri city, nagpur, bhopal IIIT cse - dharwad, ranchi , bhagalpur NIT metallurgy - jsr, nagpur, bhopal Bit mesra - ece ( But I don't want to stay in ranchi as it is my home town , I wanna explore some new city).

Ans: What is your question?

Mayank Chandel |2215 Answers |Ask -Follow

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Apr 20, 2025

Question by Mamata - Apr 19, 2025Hindi

My Gen-EWS rank in jee mains 2025 is 82196.. Please suggest some good govt colleges in and outside my home state where i can get a good branch... Home Stae:- ODISHA

Ans: Hi Mamata
You can try for Pune, Mumbai, South.
In case of any queries & professional admission help, you can DM me through insta handle CAREERSTREETS I will help you out.

Mayank Chandel |2215 Answers |Ask -Follow

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Apr 20, 2025

Asked by Anonymous - Apr 19, 2025Hindi

My daughter secured 83.7382330 with a rank of 2,40,000 which is not great. I do not expect any college in counselling based on past cut offs. Could you help guide on colleges including private outside of counselling which she can get based on this score. We are based in Pune but does not hold any state domicile and are from general category and open for states around Maharashtra and down south as well. She is appearing for other exams as well like MET, VIT, SRM, BITSAT, COMEDK, AEEE but not sure how she will fare in them.

Ans: You can admission in Pune as well on this score in private colleges
In case of any queries & professional admission help, you can DM me through insta handle CAREERSTREETS I will help you out.

Mayank Chandel |2215 Answers |Ask -Follow

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Apr 20, 2025

Question by Samriddh - Apr 19, 2025Hindi

Career

Sir For MHT CET is it compulsory to give mgt cet exam for all india candidate as they oreapre merit list based on jee score.. my son has scored 95.1 percentile in jee .. so will MHT CET will keep him in merit list even if he doesn't give cet exam ?

Ans: Hi Samriddh
Appearing MHTCET is compulsory. You cannot participate directly in rounds based on JEE score.

Mayank Chandel |2215 Answers |Ask -Follow

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Apr 20, 2025

Question by H - Apr 19, 2025Hindi

Career

CRL (23500) GEN EWS (3500) FEMALE DELHI STATE.. CAN WE GET CSE AT TOP NIT?

Ans: TOP NITS are not possible at this rank.
You can computer at Silchar, Raipur, Patna.
IIITs are also a good option to consider.

Mayank Chandel |2215 Answers |Ask -Follow

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Apr 20, 2025

Question by Yogesh - Apr 19, 2025Hindi

My jee main rank (SC) 49954 CAN I GET BEST COLLEGE for Data science and Ai in maharashtra

Ans: Please share your CRL, Cat Rank and Home-state. What is your percentile?

Mayank Chandel |2215 Answers |Ask -Follow

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Apr 20, 2025

Question by Ekta - Apr 19, 2025Hindi

Can I get any govt colleges with 83.613 percentile obc ncl female

Ans: Please share your CRL, Cat Rank and Home-state.

Mayank Chandel |2215 Answers |Ask -Follow

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Apr 20, 2025

Question by JATIN - Apr 19, 2025Hindi

Career

My son scored 94.16 percentile in JEE Mains with general which college admission can he got

Ans: Please share your CRL and Home-state.

See more questions »

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

Video Reply
Audio Reply

WhatsApp
Facebook
Twitter
Copy link

Delete

Close

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus

Sign up

email

uname

mobile no

Country Code

Mobile number

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

LOGIN

x