What is the eligibility criteria for employees to avail marginal relief?

Created by Product Content Team, Modified on Tue, 20 Feb 2024 at 10:45 AM by Product Content Team


Marginal relief is a provision in the Income Tax system to reduce the impact of higher tax rates on individuals and companies with slightly higher incomes.


The eligibility criteria for employees to avail of Marginal Relief may vary depending on the specific tax laws and regulations of the country.


Here are some eligibility criteria to receive Marginal Relief, employees:

  1. Must be a resident of India.
  2. Must have a valid PAN number.
  3. Taxable income must be between Rs 7,00,001 to Rs 7,27,778.
  4. Must opt for the new regime.

 Click here to subscribe to our help videos  

Related Links:

Video- To watch a video on Budget changes for FY 2023-24, click here.

FAQs: To read more about Budget changes for FY 2023-24, click here.

Documentation:

  • To learn more about the recent Budget changes for FY 2023-24, click here.
  • To learn more about the Tax Slabs of budget changes, click here.

Product Update- To read about the product update, click here.


Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select atleast one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article