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Question ID : 44788

082701

In budget 2025 Up to 12 Lacs Deduction of Rs 60000 can be obtained under sec 87A If taxable income is 1220000 whether tax liability will be 63000 plus Surcharge or Rs 20000 plus surcharge

Posted by Mahesh Kumar on Feb 02, 2025

Filed Under DIRECT TAXES

Answer ID : 85643

Why surcharge came here? Marginal Tax Relief will be available.

Posted by VINAY BHARGAV KUMAR G on Feb 03, 2025
Answer ID : 85648

I hope marginal relief would be available...I will get back to you soon

Posted by SIVADAS CHETTOOR on Feb 06, 2025