Deduction Under New Tax Regime Ay 2024-25. A big disadvantage of filing a belated income tax return (itr) is that, starting august 1, i.e., after the july 31 deadline, individuals cannot. C) zero tax is payable if taxable income does not exceed rs 5 lakh.
Itr filing 2024 live updates: C) zero tax is payable if taxable income does not exceed rs 5 lakh.