Income Tax Slab For Fy 2024-24. In india, income tax is calculated using income tax slabs and rates for the applicable financial year (fy) and assessment year (ay). Whether opting for taxation under section ?
Discover the tax rates for both the new tax regime and the old tax regime. While the income limit for availing of the rebate under the new tax regime increased, the new tax regime was made default.
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Refer examples & tax slabs for easy calculation.
This System Assigns Different Tax Rates To Different Income.
1) income tax exemption limit increased from rs 2.5 lakh to rs 3 lakh.
Income Tax Slab For Fy 2024-24 Images References :
Apart From This, The Government Increased The.
This blog breaks down the.
The Highest Slab Rate Of 30% Applies On Income Exceeding Rs.