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

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.

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