New Regime Tax Slab 2024-24. The basic exemption limit has been raised to rs 3 lakh from rs 2.5 lakh to make the new tax regime slab more attractive. In the new income tax regime, the rebate eligibility threshold is set at rs 7,00,000, allowing taxpayers to claim a rebate.
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 to individual. Click on ‘calculate’ to get your tax liability.
What Are The Income Tax Slabs And Income Tax Rates Under The New Income Tax Regime?
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 to individual.
B) Increase In The Rebate Limit To Rs.7 Lakh In The ‘New Tax Regime’.
In the new income tax regime, the rebate eligibility threshold is set at rs 7,00,000, allowing taxpayers to claim a rebate.
C)Extend The Benefit Of Standard Deduction To The.
Images References :
1) Income Tax Exemption Limit Increased From Rs 2.5 Lakh To Rs 3 Lakh.
What are the income tax slabs and income tax rates under the new income tax regime?
The New Regime Offers Lower Tax Rates For Higher Incomes Than The Old Tax Regime.
B) increase in the rebate limit to rs.7 lakh in the ‘new tax regime’.
