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28 Οκτ 2024 · Income tax in India follows a progressive slab rate system under the Income-tax Act, 1961 with old and new regimes offering different tax rates and deductions. For FY 2024-25, the tax slabs have been revised providing more opportunities to save on taxes.
7 Φεβ 2023 · Income Tax Rates for FY 2023-24 (AY 2024-25) proposed in Budget 2023. Introduction. This article summarizes Income Tax Rates, Surcharge, Health & Education Cess, Special rates, and rebate/relief applicable to various categories of Persons viz. Individuals (Resident & Non Resident), HUF, Firms/LLP, Companies, Co-operative Society, Local ...
4 Φεβ 2023 · The changes announced in the income tax slabs under the new tax regime is applicable for incomes earned in current the FY 2023-24, starting from April 1, 2023. Know what are the new income tax slabs under the new tax regime from FY 2023-24 and how they are different from existing ones. New Tax Regime: All the changes you should know about.
Know about the income tax slab rates for the FY 2023-24 and 2024-25. Get the information about the old and new income tax slabs for individuals, senior citizens and super senior citizens on Groww.
1 Φεβ 2023 · Income tax slabs under the new tax regime have been reduced to five in FY 2023-24 from six. Further the basic exemption limit has been hiked to Rs.3 lakh from Rs.2.5 earlier under the new income tax regime. The amount of rebate under Section 87A has been enhanced under the new tax regime to taxable income of Rs 7 lakh.
14 Σεπ 2023 · The latest budget for 2023 has introduced some significant changes to the income tax slabs in the new tax regime, aimed at making it more appealing to individual taxpayers. One of the key changes is the increase in the basic exemption limit, which has been raised from Rs 2.5 lakh to Rs 3 lakh.
24 Απρ 2024 · Understanding Income Tax Slabs New Regime for FY 2023-24. The income tax slabs' new tax regime has significant changes in the tax structure. For instance, the new tax regime slabs now have six tax slabs instead of the previous five. Also, there is an increase in the tax exemption limit to ₹3 lakh. These changes are applicable from 1 April 2023.
