Rs 12.75 Lakh Income Misses Marginal Relief: Small Salary Jump That Changes Your Tax Game
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🫡 Reality of Income Tax in Budget 2025 💡 Marginal Relief Calculation Explained! Marginal Relief ensures that if your income slightly crosses ₹12L, you don’t pay excessively high taxes. 📌 Formula for Marginal Relief: Marginal Relief=Tax Liability as per slab−(Total Income−12,00,000) 📌 Final Tax Payable (After Marginal Relief): Final Tax Payable=Tax Liability−Marginal Relief 📊 Example – Prabhas (₹13L Salary) 1️⃣ Tax as per new slab = ₹66,300 2️⃣ Excess income over ₹12L = ₹38,750 3️⃣ Marginal
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