Income Tax Slab Rates For Ay 2024-25. The new tax regime introduced in budget 2023 offers lower tax rates but does not allow most of the deductions and exemptions available under the old tax regime. Rebate under section 87a increased to taxable income of rs 7 lakh (tax rebate of 25,000) from 5 lakh.
These are the slab rates available to. The basic exemption limit has been hiked to rs 3 lakh from rs 2.5 currently under the new income tax regime in budget 2023.
The New Tax Rates Under The New Tax.
New tax regime u/s 115bac;
No Changes Have Been Announced By The Finance Minister Nirmala Sitharaman In The Income Tax Slab Rates In Interim Budget 2024.
Income tax slab income tax rate income tax slab income tax rate;
The Following Table Summarizes The.
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To Compute The Surcharge, Begin By Determining The Income Tax, Which Equals 30% Of The Taxable Income, Totaling Rs.
Rebate under section 87a increased to taxable income of rs 7 lakh (tax rebate of 25,000) from 5 lakh.