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Hello Sir, I am a software engineer. For year ending 31st March 21, my salary was 560000. I took LIC of Rs 14500 and medical premium of Rs 19850 for my family. what is my income tax liability?

There are two tax regime in Income tax i.e. old and new regime.
You can use our tax calculator tool to compute income tax liability under both regime. 

Our expert says Old regime will be beneficial for you since you will not be having any tax liability under the same.
 

  •  Riddhya Pandey
  •  477 Views
  •  Income tax
  •  Unknown



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