⚠️ Tax Myth Alert – Don’t Fall for Rumors!
Published
This tax season, a dangerous myth is going around: ❌ “No tax if your income is under ₹12 lakh.”
✅ Here’s the truth: 1️⃣ As per the current rules (FY 2024–25, AY 2025–26), only income up to ₹7 lakh can be tax-free under the new regime because of the rebate. 2️⃣ The ₹12 lakh rebate benefit will apply from next year, not this one. 3️⃣ This does not apply to special rate incomes – like stock trading, mutual funds, or bonds. These are taxed separately under LTCG/STCG rates. 4️⃣ You must file your ITR to claim the rebate – skipping filing may lead to notices and penalties.
💡 Smart Move: File your ITR correctly, claim maximum refund, and stay safe from IT notices with expert help.
📍 Visit us in Shahdara – Delhi GST & Tax Experts
