Mls Next 2024-25 Tax. Disclaimer:the above calculator is only to enable public to have a quick and an easy access to basic tax calculation and does not purport to give correct tax calculation in all circumstances. Once you determine your income for medicare levy surcharge (mls) purposes, you can use the mls income threshold tables below to work out which mls rate applies to you.
The income tax calculator takes into account various tax exemptions and deductions that an individual is eligible for under the old as well as new tax regimes. Also the tax slab limit for 5% tax rate was changed from rs 6 lakh to rs 7 lakh.