WebFeb 2, 2024 · The total number of income tax slabs under the new tax regime have been reduced to five instead of 6 and the tax slabs have been revised as well. In a big cheer for the salaried taxpayers, standard deduction has also been included in the new tax regime. Additionally, the rebate limit has been hiked to Rs 7 lakh instead of Rs 5 lakh. ... WebMar 21, 2024 · Under the new tax regime, the rebate for income tax increases to Rs.7 lakh from the earlier limit of up to Rs. 5 lakh. Apart from that, surcharge rate on income of Rs.5 …
Budget 2024: Here are the fresh new income tax regime slabs
Web1 day ago · 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 … WebFeb 22, 2024 · The new tax regime offers six tax slabs, with zero tax for income up to ₹3 lakh, and a tax rate rising by 5 percentage points for incremental income of ₹3 lakh each. … port saint lucie to west palm beach
Income tax slab and rates for FY 2024-24 (AY 2024-25)
WebFeb 3, 2024 · Income Tax Slabs 2024: These are the new income tax slabs under the new tax regime 1. Up to Rs 3 lakh income there is 0% or NIL tax 2. From Rs 3 lakh to Rs 6 lakh the tax rate is 5% 3. From Rs 6 lakh to Rs 9 lakh the tax rate is 10% 4. From Rs 9 lakh to Rs 12 lakh the tax rate is 15% 5. From Rs 12 lakh to Rs 15 lakh the tax rate is 20% 6. WebJan 31, 2024 · Finance Minister Nirmala Sitharaman announced the new income tax slabs under the new income tax regime in her Budget speech on Wednesday. The tax rebate … Web1 day ago · 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 … iron sheik outfit