WebFeb 17, 2024 · Budget highlights: 2024 income tax slab. In Budget 2024, a new set of income tax rates has been announced for those earning up to ₹15 lakh a year. The highlights are listed below: Income between ₹5 and ₹7.5 lakh, reduced to 10% tax from 20%. Income between ₹7.5 lakh to ₹10 lakh, reduced to 15% from the current 20%. WebApr 12, 2024 · Due to changes in the income tax slabs under the new tax regime, there has been a hike in the basic exemption limit. The basic exemption limit under the new tax regime is Rs 3 lakh now, from Rs 2.5 lakh earlier - a hike of Rs 50,000. The basic exemption limit of Rs 3 lakh is applicable from April 1, 2024.
Income Tax Slab 2024: New income tax slab rates for FY 2024-24 …
WebApr 13, 2024 · The changes to the income tax slabs in India are announced by the finance minister of the country. This proposal is usually made when the annual budget is … WebFeb 1, 2024 · Updated: 01 Feb 2024, 01:03 PM IST Sangeeta Ojha Premium The income tax slabs have not been changed since 2014. ... FM Sitharaman did not announce any … pinta ala muunnin
Income Tax Slabs for FY 2024-24 & FY 2024-23 (Old
WebMay 16, 2024 · Two Dozen States Show Why Kansas Critique of Income Tax Cuts Is Mistaken . In the last decade, many states have found opportunities to advance … WebNew Income Tax Slab: For people with an annual income of up to Rs 7 lakh, there will be no tax under the new tax system. The basic exemption level has been raised to 3 lakh and … WebFeb 1, 2024 · This means there is no change in income tax slab for FY 2024-22. The old rate and slab will continue in FY 2024-22 (AY 2024-23). New simplified tax regime will continue. If you have adopted new tax regime last time where tax rate is lower and flat you cannot claim any tax exemption such as 80C, 80D etc. pinta-ala muunnin