No Tax upto 5 lakhs is just a Myth ! | Tax rebate explained under section 87A | Finance Ki Dhara |

Hello friends, thi s video is to give a brief picture of how income tax rebate under section 87A works. Many people assume that there is no tax upto Rs 5 lakhs on their income but that's not true. You may have to pay some tax even if your income is below 5 lakhs. I have explained everything about income tax exemption in this video, so please watch the video carefully.

Further, you will get a brief view of how to calculate income tax and how to calculate tax rebate under section 87a. Also, if you have special rates of income than that is the case where you will be paying taxes even if your income falls below 5 lakhs, so here you will learn how to calculate tax in that case.

Topics Covered:
1. Income tax rebate explained
2. Tax rebate under section 87A
3. Income tax exemption explained
4. Income tax exemption u/s 87A
5. Tax on special rates
6. How to calculate income tax in 2022
7. How to calculate tax rebate
8. How to calculate tax

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#incometax
#taxcalculationkesekare

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