Question ID :
44877
082701
Income of an individual is Rs 705000 for Financial year 2024-25 How marginal relief will appear in ITR 1
Posted by
Mahesh Kumar
on
Jun 17, 2025
Filed Under
DIRECT TAXES
In the ITR-1:
Go to "Part B – Total Tax Liability"
You’ll find a line “Marginal Relief”
It will show (-) ?21,520 (i.e., the relief granted)
The Net Tax Liability will become ?5,000 (plus applicable interest, if any)
Posted by
CA. SURAJ KUMAR CHOUDHARY on
Jun 17, 2025
Answer ID :
85916
Marginal relief is included in relief under section 87A in ITR.
Posted by
CA. chunauti dholakia on
Jun 18, 2025
Answer ID :
85939
included in relief under section 87A
Posted by
HARIOM ARORA on
Jun 23, 2025