I have very few knowledge on Tax. So sharing my queries here. Kindly guide me
In my Apr month salary slip I got to know about this.
Annual Income - 7,67,xxx
Net Tax Income - 7,17,xxx (After deduction 50k)
Tot. Tax payable - 17,xxx
Tax deducted this month - 1,xxx
(Tagged to NEW Tax Regime)
Will this Total Tax payable is for this entire financial year or it will be increases frequently after each month salary?
If I increase my PF contribution of about 20k for this year will this works for saving tax?
Or any otherway is there means pls guide me
Thanks in advance 👍