Income Tax Ay 2024-25 Slab

Income Tax Ay 2024-25 Slab. Individuals and hufs can opt for the old tax regime or the new tax regime with lower rate of taxation (u/s 115 bac of the income tax act) the. The finance minister made changes in the income tax slabs under the new tax regime.


Income Tax Ay 2024-25 Slab

Following are the steps to use the tax calculator: For this year, the financial year will be.

20% Of The Total Income That Is More Than Rs.5 Lakh + Rs.12,500 + 4% Cess.

The highest surcharge rate has been reduced from 37% to 25% under the new tax regime.

Income Tax Rates For Fy.

In india, income tax is calculated using income tax slabs and rates for the applicable financial year (fy) and assessment year (ay).

The Finance Minister Made Changes In The Income Tax Slabs Under The New Tax Regime.

Images References :

Those Opting For The New Tax Regime Can Avail Lower Tax Rates Depending On The Slab.

The highest surcharge rate has been reduced from 37% to 25% under the new tax regime.

Here Are Some Examples Of How These Rates Would Apply:

Following are the steps to use the tax calculator:

Individuals And Hufs Can Opt For The Old Tax Regime Or The New Tax Regime With Lower Rate Of Taxation (U/S 115 Bac Of The Income Tax Act) The.

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