WebThe new tax regime offers you very few exemption or deduction options even though the income tax slab rates for AY 2024-24 are lower compared to the old tax regime. In … WebFeb 1, 2024 · Currently, the new tax regime offers 6 tax slabs and lower tax rates as compared with the old income tax regime. Default tax regime. Further, the new income tax regime becomes the default tax regime. However, the individuals will have an option to continue with the old income tax regime. The government has reduced the surcharge of …
New Income Tax Slab for Salaried Employees 2024-24: Which …
WebApr 11, 2024 · Also Read: New Tax Regime Calculator 2024-24: How much tax you will have to pay on Rs 9 to Rs 15 lakh income The best way to decide between the old and new regimes is to do a calculation. The ... WebApr 4, 2024 · 4. Standard deduction benefit extended to the New Tax Regime: The standard deduction of Rs. 50,000 on salary income was earlier not allowed in the New Tax Regime until FY 2024-23 (AY 2024-24). However, from FY 2024-24 (AY 2024-25) this benefit of a standard deduction will now be allowed for salaried employees and pensioners opting … greece weather end of march
Income Tax Calculator 2024-24: New Regime vs Old …
WebFeb 7, 2024 · Income Tax Rates for FY 2024-24 (AY 2024-25) proposed in Budget 2024. Introduction . This article summarizes Income Tax Rates, Surcharge, ... New Tax Regime … WebRate of Income-tax : Assessment Year 2024-24: Assessment Year 2024-23: Up to Rs. 5,00,000--Rs. 5,00,000 to Rs. 10,00,000 : 20%: 20%: Above Rs. 10,00,000: 30%: 30%: Hindu … WebFeb 1, 2024 · Income Tax Rates For AY 2024-24 (New Regime) 0 to Rs 2.5 lakh: NIL; Rs 2.5 to Rs 5 lakh: 5% above Rs 2.5 lakh; Rs 10 lakh to Rs 12.5 lakh: Rs 75,00- + 20% above Rs 10 lakh; florsheim men\u0027s golf shoes