Tax Rates For Ay 2024-25

Tax Rates For Ay 2024-25. Refer examples & tax slabs for easy calculation. In the union budget of 2020, the finance minister introduced new tax slabs as an alternative.


Tax Rates For Ay 2024-25

Income from ₹2.5 lakh to ₹5 lakh: This return is applicable to a person being a:

What Is Income Tax Slab?

The new tax rates under the new tax regime will be applicable for incomes earned.

The Income Tax Slabs Announced For New Tax Regime In Budget 2023 Will Come Into Effect From April 1,2023.

The old tax regime categorized taxpayers into three different categories with taxes ranging from 5% to 30%.

To Compute The Surcharge, Begin By Determining The Income Tax, Which Equals 30% Of The Taxable Income, Totaling Rs.

Images References :

The Calculator Works For Most People’s Situations.

To compute the surcharge, begin by determining the income tax, which equals 30% of the taxable income, totaling rs.

Difference Of Tax Slab Rates Between New Tax Regime Vs Old Tax Regime.

The income tax slabs announced for new tax regime in budget 2023 will come into effect from april 1,2023.

Income Up To ₹2.5 Lakh: