Can you help me adding one more columnfor next FY by increasing the basic pay by 10000 rupees? Add net income after deducting tax at the bottom.For better understanding i want to share small comparison.
Note: Simply put, if your net taxable income after availing all the deductions under section 80C to 80U of the Income tax act does not exceed Rs 5 lakh, then you will not be required to pay any tax. However, if your net taxable income (after availing deductions under section 80C to 80U), exceeds Rs 5 lakh then taxes will be calculated as per the current tax structure.