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If you are a professional and if you are earning a 24 lakh rupees, you will pay 0 tax. When you mean professional, you mean like doctor, lawyer, lawyer, you are an interior decorator, you are a technical consultant. Oh wow. There is a section called 44 ADA. In that, you just need to pay tax on 50% of your income. So if you are earning 24 lakh rupees in this financial year, which starts from 1st April, you pay 50% which is 12 lakh. And 12 lakhs? And 12 lakhs, there is not X. And by the way, this is not only up to 24 lakhs. If your income is up to 75 lakh rupees, you can take benefit of this section. Oh wow.

If you are a professional and if you are earning a 24 lakh rupees, you will pay 0 tax. When you mean professional, you mean like doctor, lawyer, lawyer, you ar…

Ideas in this flowchart

  • Tax Benefits for Professionals
  • Eligible Professionals
  • Doctors
  • Lawyers
  • Interior Decorators
  • Technical Consultants
  • Section 44 ADA
  • Tax on 50% Income
  • Income up to 24 Lakh Rupees
  • No Tax on 12 Lakh
  • Income up to 75 Lakh Rupees
  • Benefit Available
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If you are a professional and if you are earning a 24 lakh rupees, you will pay 0 tax. When you mean professional, you mean like doctor, lawyer, lawyer, you are an interior decorator, you are a technical consultant. Oh wow. There is a section called 44 ADA. In that, you just need to pay tax on 50% of your income. So if you are earning 24 lakh rupees in this financial year, which starts from 1st April, you pay 50% which is 12 lakh. And 12 lakhs? And 12 lakhs, there is not X. And by the way, this is not only up to 24 lakhs. If your income is up to 75 lakh rupees, you can take benefit of this section. Oh wow.

C
Connor Fraser
10w

"If you are a professional and if you are earning a 24 lakh rupees"

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