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Tax calculation for the salary of 12 lakh under New tax regime (FY 24-25) 😱 Join our WhatsApp channel for more updates:https://whatsapp.com/channel/0029Va94ldMCXC3L88iscb03 Tax calculation summary 👇 Gross Salary: ₹12,00,000 Less: Standard Deduction: ₹75,000 Net Taxable Salary: ₹11,25,000 Tax Slab Calculation: ₹0 to ₹3,00,000 @0% = ₹0 ₹3,00,001 to ₹7,00,000 (₹4,00,000) @5% = ₹20,000 ₹7,00,001 to ₹10,00,000 (₹3,00,000) @10% = ₹30,000 ₹10,00,001 to ₹11,25,000 (₹1,25,000) @15% = ₹18,750 Total Tax
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