However, this change has also led to some confusion, particularly regarding the terms 'rebate' and 'marginal relief.' With the introduction of new tax slabs, the Income Tax department has ...

But, under the Marginal Relief facility, out of the tax liability on the amount above 12 lahks and the income above 12 lahks, whichever is less will be payable as tax. In such a situation ...

Will this Re 1 extra force them to pay tax on the entire income? Here comes the concept of marginal relief to their rescue. The rule of marginal relief says that if the income of a taxpayer increases ...

But what if their income increases slightly? Do they have to pay tax on the entire amount or the incremental income? The marginal relief rule says that if the income of an individual increases by a ...