Witryna14 godz. temu · New Delhi: With the new Financial Year (FY 2024-2024) kicking in, your income tax-related matters ought to be organised within the prescribed time frame.The most important aspect of this financial year is the introduction of new income tax slab --announced by FM Nirmala Sitharaman in this year's Budget -- and your consequent … Witryna2 lut 2024 · For income in FY 2024-23 (AY 2024-24), you will have to file Income Tax Return as per the old tax slabs. As per the latest tax slabs under the New Regime, individuals having an annual income of Rs ...
Opted for new income tax regime vs old? Don’t miss PPF, …
Witryna1 lut 2024 · What is Old Tax Regime and New Tax Regime? Budget 2024 introduced a new personal income tax regime for individual taxpayers with lower tax rates but more tax slabs. Also, it removed all available deductions and exemptions. ... The income tax slabs under the new regime in FY 2024-24 are as follows: ₹0-3L: 0% tax rate ₹3-6L: … Witryna23 lis 2024 · As per the income tax slab for FY 2024-23 under the older regime, super seniors have an exemption limit of up to ₹5,00,000. But with the new taxation regime, the exemption limit is up to ₹2,50,000. Take a look-. Surcharge should be levied on the Income-tax payable amount before cess is levied. shoremaster winch kits
Union Budget 2024: New vs Old Tax Regime - See What Has …
Witryna23 lut 2024 · Earlier, the standard deduction was applicable only under the old tax regime. But the Budget 2024 extended a deduction of ₹ 50,000 to the salaried, family pensioners, and pensioners. Income Tax Slabs Under New Tax Regime Budget 2024-24. These are the income tax slabs for FY 2024-24: • Income up to ₹ 3 Lakh: Nil Witryna2 lut 2024 · Hence, the new revised tax rates are: – Income slab of ₹3 lakh: No tax levied. – Income of ₹3 lakh to ₹6 lakh: 5% tax rate. – Income of ₹6 lakh to ₹9 lakh: 10% tax rate. – Income of ₹9 lakh to ₹12 lakh: 15% tax rate. – Income of ₹12 lakh to ₹15 lakh: 20% tax rate. – Above ₹15 lakh income: 30%. Witryna16 lut 2024 · New Income Tax Slab for Senior Citizens in 2024-21. The Taxpayers above 60 years of age and less than 80 years of age are considered as Senior Citizens as … shoremaster winch assembly diagram