New Regime Tax Slab 2024-24. Expansion of income brackets for lower tax rates of 5%, 10%, 15%, and 20%. How to calculate income tax from income tax slabs?
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The Basic Exemption Limit Has Been Raised To Rs 3 Lakh From Rs 2.5 Lakh To Make The New Tax Regime Slab More Attractive.
D) reduce the highest surcharge rate from 37% to 25% in ‘new tax regime’.
A) Change In Tax Slab Of ‘New Tax Regime’.
Make new tax regime the default tax regime for the.
New Regime Tax Slab 2024-24 Images References :
The Finance Act, 2020 Inserted A New Section 115Bac Which Provides For An Alternative Tax Regime For Individuals And Huf.
Ravi has a total taxable income of rs 8,00,000.
Expansion Of Income Brackets For Lower Tax Rates Of 5%, 10%, 15%, And 20%.
The basic exemption limit has been raised to rs 3 lakh from rs 2.5 lakh to make the new tax regime slab more attractive.