New Tax Regime Slab Rate For Ay 2024-25 Tax. New tax regime (until 31st march 2023) new tax regime (from 1st april 2023) income level for rebate eligibility ₹ 5 lakhs ₹ 5 lakhs ₹ 7 lakhs: By taxconcept february 3, 2024. Income tax rates for fy.
New tax regime (until 31st march 2023) new tax regime (from 1st april 2023) income level for rebate eligibility ₹ 5 lakhs ₹ 5 lakhs ₹ 7 lakhs: Refer examples & tax slabs for easy calculation.
New Tax Regime Rebate &Amp; Slab Rates:
A surcharge of 7% of tax for total income between ₹1,00,00,000 and ₹10,00,00,000.
Refer Examples &Amp; Tax Slabs For Easy Calculation.
In the 2020 budget, a new tax regime was introduced with lower tax rates and limited deductions/exemptions for individuals and hufs.
Images References :
2) Tax Rebate Under Section 87A Increased From Rs 5 Lakh To Rs 7 Lakh.
Taxpayers calculate their income tax liability based on their income within these slabs.
A Surcharge Of 10% Of Tax If Total Income Is More Than ₹10,00,00,000.