29/06/2026
💰 Earning ₹20 lakh a year?
Here's how much income tax you may pay under the New Tax Regime (FY 2025-26)!
📌 Tax on ₹20 lakh income:
✅ Total Income: ₹20,00,000
✅ Income Tax: ₹2,00,000
✅ Health & Education Cess (4%): ₹8,000
✅ Total Tax Liability: ₹2,08,000
✅ Effective Tax Rate: 10.04%
Understanding tax slabs can help you plan your investments, deductions, and finances better. The right tax strategy can save you money and avoid last-minute stress during ITR filing season.
Need help with your ITR or tax planning? Filing Buddy is here to simplify everything for you. 📞
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