Tax Slab For New Regime Ay 2024-24. Currently, the new tax regime offers 6 tax slabs and lower tax rates as compared with the old income tax regime. 2) tax rebate under section 87a increased from rs 5 lakh to rs 7 lakh. The tax slabs and rates are the same for all individuals and hufs under the new regime.
30% of the total income that is more than ₹15 lakh + ₹1,87,500. A) change in tax slab of ‘new tax regime’.
A) Change In Tax Slab Of ‘New Tax Regime’.
Include tables or charts for better understanding.
Currently, The New Tax Regime Offers 6 Tax Slabs And Lower Tax Rates As Compared With The Old Income Tax Regime.
How to calculate income tax from income tax slabs?
Images References :
The Latest Budget For 2023 Has Introduced Some Significant Changes To The Income Tax Slabs In The New Tax Regime, Aimed At Making It More Appealing To Individual Taxpayers.
The new tax regime provides favourable results for taxpayers up to an income level of rs 7,50,000.
The Tax Slabs And Rates Are The Same For All Individuals And Hufs Under The New Regime.