Home |Income Tax | What is the income tax on a salary of Rs.12 lakhs per annum? How much income tax would get deducted, and would it get deducted on a monthly basis? As I would be relocating to Pune from Mumbai, I would have other expenditures like rent and food.

What is the income tax on a salary of Rs.12 lakhs per annum? How much income tax would get deducted, and would it get deducted on a monthly basis? As I would be relocating to Pune from Mumbai, I would have other expenditures like rent and food.

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MISHRA CONSULTANTS MISHRA CONSULTANTS, GST Practitioners ,Income Tax Practitioners & Auditor Based Service in Coimbatore, Tamil Nadu verified
Answered on February 22,2023

You can take deductions as approx your tax payable will be 20% of the total income. 

 

Better take help. Of professional, we have our office setup in pune if you want can get in touch with us on 7498537730 you will get all the solution here

 

 

Thanks & Regards. 

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