I got a new job with 50K salary per month after deduction... Do I come under any incometax slab wherein I need to pay Any tax?

ANILQ

KF Rookie
I got a new job with 50K salary per month after deduction... Do I come under any incometax slab wherein I need to pay Any tax?

Please help me understand at what salary do we actually need to pay tax?
 

arjungoyal12

KF Mentor
50k per month is 6 Lakh per annum. So, I don't think you do. The tax slab is near about 7 Lakh per annum. But still you should file for ITR. It will be good thing.
 

Prince

KF Expert
Income tax don't work as per you're in hand, but it works as per the salary, find your Gross Salary PM or Annual and then check the limit up to 7.50 Lacs your not liable to Tax but need to file ITR as per New Regime and if you opt for old regime then its 5,50,000/- without Tax savings
 
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