Income | Taxation |
---|---|
0 to 2.5 Lakh | 0% |
2.5 Lakhs to 5 Lakhs | 5% |
5 Lakhs to 10 lakhs | 20% |
Above 10 lakh | 30% |
a. 1,50,000 Income Tax Rebate - Under Section 80 (C)
Income | Taxation |
---|---|
0 to 2.5 Lakh | 0% |
2.5 Lakhs to 5 Lakhs | 5% |
5 Lakhs to 10 lakhs | 20% |
Above 10 lakh | 30% |
Income | Taxation |
---|---|
0 to 4 Lakh | 0% |
4 to 6.5 Lakhs | 5% |
6.5 Lakhs to 11.5 Lakhs | 20% |
11.5 Lakhs Onwards | 30% |
b. A specific category of Mutual Fund Schemes- Called ELSS schemes qualify as valid 80 (C) Investment
Investor is at a 30% Income Tax Slab, Returns of Tax saving Mutual Funds are based on historical returns, Annual Equity Gains are assumed at less than 1 lakh