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Wrong Tax Calculation in IT Portal

This query is : Resolved 

04 April 2024 Sir,

While verifying IT liability using income tax calculator shown in IT portal, an error was noticed. When a person having a total income after standard deduction of Rs. 50,000 amounts to Rs. 5,60,000. As per the new Regime, person having Gross total income up to 7,50,000 does not have any tax liability. But the tax calculator shows a tax liability as per the new regime of Rs. 3,120. Is it Correct?

05 May 2024 The tax calculator is correct to show the tax over the income. The liability gets nullified after applicability of rebate.

08 September 2024 Good Luck.


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