Income Tax Ready Reckoner A.y. 2022-23 Pdf Free Download

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Marilou Schuemann

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Jan 10, 2024, 4:15:33 PM1/10/24

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In 2013-14 the government of India introduced a rebate u/s 87A. This rebate helps reduce the income tax liability of taxpayers. It is a benefit provided by the government to incentivize and provide relief to certain categories of taxpayers. The rebate amount under Section 87A allows a tax rebate of up to Rs. 12,500 for individuals with taxable income up to Rs. 5,00,000 (FY 2022-23).

Calculate the tax payable for the financial year at the applicable income tax slab rate for FY 2023-24. Calculate the taxes already paid during the financial year such as TDS, advance tax, self assessment tax. Deduct the taxes already paid from the total tax payable, this will be your net tax payable for the financial year.