💡 ₹12 Lakh Salary = ZERO Tax? Here’s the Truth! 🧐🔥 Think ₹12 lakh salary means no tax at all? 🤔 Let’s break it down! 📊 Here’s how tax works under the new regime: ✅ 0% tax on ₹0-4L. ✅ 5% tax on ₹4-8L → (₹8L - ₹4L) × 5% = ₹20,000 ✅ 10% tax on ₹8-12L → (₹12L - ₹8L) × 10% = ₹40,000 🔹 Total tax = ₹60,000 🔹 BUT under Section 87A, if income is below ₹12L, you get a rebate equal to your tax. 🔹 So, ₹60K tax - ₹60K rebate = ₹0 tax! 🎉 But wait… What if your salary is ₹15L? 😯 🔹 ₹12L tak same calculation, ₹60K tax remains. 🔹 ₹12-15L slab at 15% tax → (₹15L - ₹12L) × 15% = ₹45,000 🔹 Total tax = ₹60K + ₹45K = ₹1.5L (🚫 No rebate here!) Moral of the story? Smart tax planning = More savings! 💰✨ Call us at 98218 60804, 96533 87088, or 83694 18292, or visit us at 5th Floor, Bellona, The Walk, Hiranandani Estate, Thane (W) 400 607 for a complimentary portfolio and policy review. Disclaimer: Enrichwise is an AMFI registered MFD. This content is for informational purposes only and does not constitute financial or investment advice.