WebFeb 1, 2024 · 01 Feb 2024, 09:52:15 PM IST Government's objective is to simplify income tax for people: CEO Tax2win "As expected, this year after a long wait, the budget finally … WebJan 31, 2024 · There are three slabs above the threshold of Rs10 lakh income 5) Personal income between Rs 10 lakh and Rs 12.5 lakh is taxed at a rate of 20 per cent under the new regime. 6) Income from Rs 12.5 lakh to Rs 15 lakh is taxed at 25 per cent 7) Income above Rs 15 lakh is taxed at a rate of 30 per cent. Existing tax slabs
Opted for new income tax regime? Here’s how you can save more
WebApr 14, 2024 · Surface Studio vs iMac – Which Should You Pick? 5 Ways to Connect Wireless Headphones to TV. Design WebApr 12, 2024 · April marks the beginning of a new financial year, which is when usually new income tax laws come into effect. For the financial year 2024-24, the government has revised the income tax slabs under the new tax regime to make it more attractive in comparison to old tax regime.Further, many other benefits have also been brought under … photo burning
New Income Tax Regime – Salaried Employees
WebFeb 1, 2024 · A raise in the basic exemption level between ₹ 2.5 lakh to ₹ 5 lakh, as well as a cut in income-tax rates in Budget 2024, is required to reduce the maximum slab rate to 25%," said Amit Gupta. WebApr 12, 2024 · Income Tax Slab Changes. Through the Union Budget, 2024 many changes have been introduced in the income tax slab under the new tax regime for the FY 2024-24. In addition to this, there is also an increase in the exemption from Rs. 2.5 lacs to Rs. 3 lacs under the new tax regime. These changes are, however, not applicable to the old tax regime. WebFeb 1, 2024 · New Income Tax Slabs Budget 2024 Updates: Prime Minister Narendra Modi on Wednesday called the Union Budget 2024 “historic” and said it ensured ease of living … photo burger poulet