Under the new tax regime, individual income up to ₹750,000 is tax free due to a combination of standard deduction and 87A.
Given that many small businesses often accept UPI payments in multiple names (husband, wife, mother etc), a small family can actually manage ₹1,500,000-3,000,000 in (legitimate) tax free income.
Given that many small businesses often accept UPI payments in multiple names (husband, wife, mother etc), a small family can actually manage ₹1,500,000-3,000,000 in (legitimate) tax free income.
That is about $18-36,000.
Which is a lot in India.