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Net Tax calculation
Mr Jayis a resident individual, age 61 years, his capital gains u/s 112A is 25,00,000, STCG 111A is 20,00,000 and PGBP income is 70,00,000 for AY 21-22. His net tax liability is?
Replies (2)
Under old tax regime liability will be 29,42,160 rupees
Under new regime liability will be 28,55,450 rupees
Under new regime liability will be 28,55,450 rupees
Here is the link for tax calculator from IT portal: https://www.incometaxindia.gov.in/Pages/tools/income-tax-calculator-234ABC.aspx
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