WebFeb 1, 2024 · Here is an analysis showing the maximum deductions a salaried individual needs to claim in the old tax regime so that the income tax payable remains the same under the revised new income tax slabs announced in Budget 2024. ... mutual funds for FY 2024-24 (AY 2024-25) 2 New vs old income tax regime: Why you need to choose your tax … WebAdditionally, Budget 2024 has also increased the income tax rebate limit for individuals opting for the new tax regime to Rs. 7 lakh for FY 2024-24 from the current FY 2024-23 rebate limit of Rs. 5 lakh. However, none of the above changes are applicable if you opt for the old tax regime in FY 2024-24 i.e. AY 2024-25.
Income Tax Calculator - FY 2024-2024
WebFeb 1, 2024 · Union Budget 2024 income tax slabs: New tax regime is default, rebate increased from Rs 5 lakh to Rs 7 lakh ... it had not reversed any gains from the old regime’s simplicity. “If indeed there were gains of simplicity (from the old income tax regime), ... cent on Rs 5 lakh to Rs 7.5 lakh, 15 per cent on Rs 7.5 lakh to Rs 10 lakh, 20 per ... high-cost financial service provider
New vs old income tax regime: Time to decide is now - watch …
WebFeb 10, 2024 · Income Tax Slabs for FY 2024-24 (AY 2024-25) New Income Tax Slab is allowed in the Budget 2024. The new tax slab would be default tax slab. The new Tax Slab FY 2024-4 is given below. Rs 0 to Rs 3 lakh – … WebMar 23, 2024 · Latest Income Tax Slab & Tax Rates in India for FY 2024-23 (AY 2024-24) & FY 2024-24(AY 2024-25).Includes New Tax Regime income tax slab rates for Individuals, … WebFor the purpose of ascertainment of the applicable tax slab, an individual can be classified as follows: ... 10% 15% 25% 37% 37% 10% 15% 25% 37% 37% Note: 1) The enhanced surcharge of 25% & 37%, as the case may be, is not levied, from income ... payable as income tax and surcharge shall not exceed the total amount payable as income tax high cost family cases