New Regime Tax Slab 2024-24. This structure clearly shows how taxes are calculated at each. Individuals who have an income of less than rs.5 lakh are eligible for tax deductions.
5% (tax rebate u/s 87a) rs. The number of tax slabs under the new tax regime.
C)Extend The Benefit Of Standard Deduction To The ‘New Tax Regime’.
Income tax slab for individual who are below 60 years & huf.
Some Key Highlights Of The Above Income Tax Slabs Are:
Income tax budget 2024 live updates:
The Turnover Limit Of Inr 400 Crore Is Applicable For Companies Having A Turnover Of Up To Inr 250 Crore In The Previous Year.
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D) Reduce The Highest Surcharge Rate From 37% To 25% In ‘New Tax Regime’.
E) making ‘new tax regime’ as default tax regime option.
Please Note That The Tax Rates In The New Tax Regime Is The Same For All Categories Of Individuals, I.e Individuals &Amp; Huf Upto 60 Years Of Age, Senior Citizens Above 60 Years Upto 80 Years , And Super Senior Citizens Above 80 Years.
Given below are the three tables for the alternative income tax slabs: