New Tax Regime Slab Rate For Ay 2024-25 Fafsa. A) change in tax slab of ‘new tax regime’. 1) income tax exemption limit increased from rs 2.5 lakh to rs 3 lakh.
Let us take a look at all the slab rates. 2) tax rebate under section 87a increased from rs 5 lakh to rs 7 lakh.
1) Income Tax Exemption Limit Increased From Rs 2.5 Lakh To Rs 3 Lakh.
Let's understand income tax calculation under the current tax slabs and new tax slabs (optional) by way of an example.
Let Us Take A Look At All The Slab Rates.
The new tax regime has the same tax rates for all categories of individuals, with no increased basic exemption limit benefit available for senior and super senior citizens.
New Tax Regime Slab Rate For Ay 2024-25 Fafsa Images References :
An Individual Has To Choose Between New And Old Tax.
Changes announced in the new tax regime in budget 2024.
India Offers Two Tax Regimes:
B) increase in the rebate limit to rs.7 lakh in the ‘new tax regime’.