ilmscore | Prediction Details
"If you fall into this and you are earning your income as a professional income. Okay. Okay. There is a section called 44 ADA. In that you just need to pay tax on 50% of your income. So if you're earning 24 lakh rupees in this financial year which is start from 1 April 25 and your income is 24 lakh rupees you pay 50% which is 12 lakh 12 that is not fully exempt. Interesting. So if you are a professional no tax on 24 lakh rupees of income. Of course, if you are a specified professional and by the way, this is not only up to 24 lakh. If your income is up to 75 lakh rupees, okay, you can take benefit of this section."
By Finance With Sharan | June 2, 2025 | Correct
From video
The Ultimate Indian Tax-Saving Masterclass (Salary, Business & Investments) | The 1% Club Show Ep62 00:04:02 - 00:04:41
Interpreted Prediction
Specified professionals earning up to 75 lakh rupees can pay tax on only 50% of their income under section 44ADA.
AI Evaluation Notes
The prediction is about section 44ADA of the Income Tax Act, which allows specified professionals with income up to 75 lakh rupees to pay tax on 50% of their income. This provision was applicable for the financial year 2025-2026, so the prediction is accurate.

Prediction Details

Topic
Professional Income Taxation

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