Income Tax New Regime For Ay 2024-24. Individuals and hufs can opt for the old tax regime or the new tax regime with lower rate of taxation (u/s 115 bac of the income tax. 1) income tax exemption limit increased from rs 2.5 lakh to rs 3 lakh. An additional 4% health & education cess will be applicable on the tax amount calculated as above 2.
Check out the latest income tax slabs and rates as per the union budget 2023. Visit the income tax filing portal.
The New Tax Slab Would Be.
See how the latest budget impacts your tax calculation.
10% Of Income Tax, Where Total Income Exceeds Rs.
The latest budget for 2023 has introduced some significant changes to the income tax slabs in the new tax regime, aimed at making it more appealing.
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Visit The Income Tax Filing Portal.
Calculate your tax liability with new regime tax calculator, know how much tax.
You Can Also Follow The Steps Below To Download The Itr Form Xml File:
Further the basic exemption limit has been hiked to rs.3 lakh from rs.2.5 earlier under the.
