Income Tax Slab For Ay 2024-24. Refer examples & tax slabs for easy calculation. 2) tax rebate under section 87a increased from rs 5 lakh to rs 7 lakh.
1) income up to โน 2.5 is exempt from taxation under the old tax regime. Check here for the latest income tax slabs & details of different income tax regimes for tax slabs in india.
The Income Tax Slabs Are Revised Periodically, Typically During Each Budget.
The general slab rates applicable in the case of an individual or huf are 5%, 20%, and 30%.
The New Tax Slab Would Be The Default Tax Slab.
The finance act, 2020 inserted a new section 115bac which provides for an alternative tax regime for individuals and huf.
Income Tax Slab For Ay 2024-24 Images References :
This Article Summarizes Income Tax Rates, Surcharge, Health &Amp; Education Cess, Special Rates, And Rebate/Relief Applicable To Various Categories Of Persons Viz.
Income tax department > tax tools > tax calculator.
Click To View The List Of Tax Tools Including Tax Calculator, Income Tax Calculator And More.
Make new tax regime the default tax regime for the assessee being an individual, huf, aop.