Chartered Man
Chartered Man
February 5, 2025 at 10:44 AM
*Marginal Relief* applies when income slightly exceeds basic threshold, ensuring the excess tax does not exceed the additional income. _Marginal Relief Calculation:_ Marginal Relief = Tax on total income – (Tax on ₹12 lakh + Excess income over ₹12 lakh) It reduces the sudden spike in tax liability due to crossing the exemption limit.

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