Web6 feb. 2024 · Income Tax Budget 2024 Highlights: Finance Minister Nirmala Sitharaman tweaked the income tax slabs under the new tax regime. What's new in the new income tax regime 1) Basic exemption limit is hiked from Rs 2.5 lakh to Rs 3 lakh. 2) Rebate under section 87A has been hiked from Rs 5 lakh to Rs 7 lakh. Web1 feb. 2024 · Image Source : INDIA TV Govt revises personal income tax slab rates in Budget 2024 2) An individual with an income of Rs 15 lakh will have to pay Rs 1.5 lakh …
New Income Tax Slabs 2024 - 2024 Highlights: Full list of new tax …
Web1 feb. 2024 · Budget 2024: A look at old vs new current income tax slabs. 2 min read . Updated: 01 Feb 2024, 01:35 PM IST Sangeeta Ojha. Income up to ₹ 2.5 is exempt … WebUnion Budget 2024 LIVE Updates, Budget 2024, Union Budget 2024-24, Budget Live: Union Finance Minister Nirmala Sitharaman on Wednesday surprised the salaried middle class with major rejig in income tax slabs, raising rebate from Rs 5 lakh to Rs 7 under both old and new tax regimes.The FM also proposed to change the tax structure in this … igt trinidad office
How to optimise tax savings under the new tax regime in FY24?
Web11 apr. 2024 · Firstly, let's talk about the slabs and rates of income tax under the new regime. After the changes made in this year's budget, there are now a total of six slabs. For instance, if your annual income is up to three lakh rupees, then it's tax-free. But if your income is between Rs 3 lakh and Rs 6 lakh, then you'll be taxed at 5%. Web31 jan. 2024 · 1) Income up to Rs2.5 is exempt from taxation under both regimes. 2) Income between Rs2.5 to Rs5 lakh is taxed at the rate of 5 per cent under the old as … Web31 jan. 2024 · New tax slab Budget 2024 Live: 5 major announcements The Union Budget 2024-24 has introduced a slew of changes in the Income Tax slabs under the new tax … is the finest hours a true story