₹60 lakh salary: Here is how to calculate final tax liability after surcharge under new tax regime

1 week ago 3
A ₹60 lakh salary attracts a surcharge of 10% under the new tax regime in addition to slab-wise income tax and 4% health and education cess. In this case, the final tax liability comes to ₹15.53 lakh, resulting in an effective tax rate of 25.88%.
Read Entire Article