Lea Uradu, J.D., is a Maryland state registered tax preparer ... and earns $3,000 per month will have a calculated annual ordinary income of $36,000, or $3000 × 12 months. This $36,000 is ...

The basic exemption limit is now INR 4 lakh, up from the previous limit of INR 3 lakh (explained in the table ... old tax regime, individual taxpayers (below 60 years) earning an annual income ...