WebFeb 1, 2024 · For the AY 2024-25, the basic exemption limit for New Tax Regime has been increased to Rs. 3 lakhs and number of tax slabs have bene reduced to five as under: Simplified Personal Tax Regime for AY 2024-24 Currently, the Income Tax basic exemption limit and slabs for taxation under Simplified Personal Tax Regime for AY 2024-24 are as … WebFeb 1, 2024 · 3) Going forward, the new income tax regime is the default tax regime. However, the taxpayers will have the option to continue with the old income tax regime. …
New Tax Regime Calculator FY 2024-24 (AY 2024-25)
WebFeb 1, 2024 · According to the analysis, now the break-even income salary is Rs.7.5 lakh. In the old tax regime, an individual with a salary income of Rs.7.5 lakh claiming maximum exemptions and deductions of Rs.2.5 lakh will be able to … Web7 rows · Feb 1, 2024 · Income tax slabs FY 2024-24: Here are the income tax slabs for current FY 2024-24 under ... the last of us part 2 score
Tax Slab FY 2024-24 & AY 2024-25 II New Tax Regime vs Old Tax Regime …
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 – … WebThe old tax regime provides higher tax exemption for senior citizens and super senior citizens of Rs. 3 lakh and Rs. 5 lakh respectively as per income tax slab rates in AY 2024-24. This higher limit is not available under the new tax regime, which offer the same Rs. 2.5 lakh exemption limit irrespective of the taxpayer’s age. WebMar 4, 2024 · For income above Rs. 10 lakhs, the tax rate is 30%. For super senior citizens, who are aged 80 years or above, the income tax slabs for the assessment year 2024-25 in India are as follows: For individuals aged 80 years or above, no tax is applicable on income up to Rs. 5 lakhs. For income between Rs. 5 lakhs and Rs. 10 lakhs, the tax rate is 20%. the last of us part 2 supermarket safe