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Tax liability in new regime

surendra jain (91 Points)

08 February 2024

if salary income is 740000/- per year and share income is 90000/- in a year. what is the tax liability in new regime

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11 Replies

Manish (CA) (1176 Points)
Replied 08 February 2024

What is share income?

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sabyasachi mukherjee (27593 Points)
Replied 09 February 2024

Salary income 7.4 lacs, new regime sec 115bac applicable.

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 09 February 2024

Share income is LTCG or STCG or speculation????

surendra jain (91 Points)
Replied 09 February 2024

Share income is long term

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 10 February 2024

33000 + eduction cess

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sabyasachi mukherjee (27593 Points)
Replied 10 February 2024

Thecquerist has not replied whether opted fir new regime or old regime. If old regime , some benefits are available.

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 10 February 2024

Query itself said tax liability in new regime

sabyasachi mukherjee (27593 Points)
Replied 10 February 2024

It's a heading details of investment not mentioned

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 10 February 2024

What you want to say????

sabyasachi mukherjee (27593 Points)
Replied 11 February 2024

Detailed disclosure is required

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VIRAAJ VASHISHTH (81 Points)
Replied 14 February 2024

Budget 2024: Decoding the Relief on Outstanding Tax Demands

The Union Budget 2024 announcement to waive outstanding direct tax demands was a surprise that relieved many anxious taxpayers. However, the brief news left several issues unclear. This piece aims to illuminate details surrounding the initiative by examining its ramifications and outlining subsequent actions taxpayers may need to take. While the initial proclamation sparked excitement among millions anticipating tax burdens to dissolve, the limited exposure sparked a sea of questions remaining unanswered. This article delves deeper into the specifics of this initiative, explaining its implications and guiding readers through what may follow.

Who Stands to Benefit?

This tax relief initiative aims to assist individual tax filers with unsettled direct tax liabilities (income tax, penalties, and interest charges) totaling up to ₹25,000 for the assessment year 2009-2010. Subsequently.....

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