Income Tax Rates For Ay 2024-25 New Regime. , et online last updated: This regime aims to streamline tax calculations, making it easier for those who don’t have many deductions to claim.
The finance minister made changes in the income tax slabs under the new tax regime. The new tax rates under the new tax regime will be applicable for incomes earned between april 1, 2023 and march 31, 2024.
The Rebate Limit Remains At ₹ 5 Lakh For.
₹15,000 + 10% on income exceeding ₹6,00,000.
18 Lakh, Resulting In Rs.
Tax saving options under new tax regime most taxpayers may not be aware of rs 10,000 sip turns into rs 50 lakh in 10 years:
The New Income Tax Regime Will Be The Default Tax Regime.
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The Finance Minister Of India Outlines These Slab Rates.
Income from ₹5 lakh to.
₹45,000 + 15% On Income Exceeding ₹9,00,000.
With an applicable surcharge rate of 10%, the surcharge amount is calculated as 10% of rs.