Income Tax Slabs and Components

What Constitutes Taxable Income?

Taxable vs. Non-Taxable Income

Components of Income Tax on Salary

Income Tax Slabs: New vs Old Regime

How to Calculate Taxable Income

Conclusion

Coming Up Next

Taxable Income

Non-Taxable Income

Financial Year (FY)

Assessment Year (AY)

Tax Deducted at Source (TDS)

Exemptions

Deductions

Old vs. New Tax Regime

Choosing Your Tax Regime

Switching Between Tax Regimes

Step 1: Compute Gross Income

Step 2: Apply Exemptions

Step 3: Deduct Investments and Eligible Expenses

Step 4: Determine Net Taxable Income

Salary Deductions and Exemptions