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Determine your taxable income by adding all sources of income such as salary, business income, capital gains, and rental income.

Deduct eligible tax deductions and exemptions such as investments in tax-saving instruments, home loan interest, medical insurance premium, etc.

Calculate your tax liability using the tax slabs and rates prescribed by the government for the financial year 2023-24.

If you are an individual taxpayer, your tax liability will be calculated based on your age, income, and residential status.


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