New Tax Regime Slab Rate For Ay 2024-24. The general slab rates applicable in the case of an individual or huf are 5%, 20%, and 30%. Check out the latest income tax slab for salaried, individuals and senior citizens by the.
A rebate under section 87a has been enhanced under the new tax regime; B) increase in the rebate limit to rs.7 lakh in the ‘new tax regime’.
What Changes Have Been Made In The New Tax Regime?
A rebate under section 87a has been enhanced under the new tax regime;
Applicable Surcharge And Health And Education Cess Shall Be.
2) tax rebate under section 87a increased from rs 5 lakh to rs 7 lakh.
New Tax Regime Slab Rate For Ay 2024-24 Images References :
In Case You Opt For The New Tax Regime, These Exemptions Will Not Be Available To You.
In india, income tax is calculated using income tax slabs and rates for the applicable financial year (fy) and assessment year.
New Tax Regime Becomes The Default Option For Taxpayers.