WebApr 12, 2024 · April marks the beginning of a new financial year, which is when usually new income tax laws come into effect. For the financial year 2024-24, the government has revised the income tax slabs under the new tax regime to make it more attractive in comparison to old tax regime.Further, many other benefits have also been brought under … WebIn addition, the maximum rate of surcharge is 25 per cent in the new tax regime, whereas the maximum surcharge rate under the old regime was 37 per cent. The new regime seems …
Opting for new tax regime? Here are a few deductions you can and …
Web2 days ago · Step 3: Select your tax regime. The next step is to select the tax regime you wish to use. You can select either the old tax regime or the new tax regime. Step 4: Calculate your tax liability. Once you have entered all the required information, you can click on the ‘Calculate’ button to calculate your tax liability. WebFeb 9, 2024 · Above Rs. 15,00,000. 30%. While the new regime offers lower income tax rates, the following conditions should be met in order to be eligible for payment of income tax … ceviche angers
Income Tax Deductions List FY 2024-21 Save Tax for AY 2024-22
WebFeb 2, 2024 · All the other deductions under chapter VIA such as 80CCC, , 80EE, 80EEA, 80EEB, 80G, 80GG, 80GGA, 80GGC, 80IA, 80-IAB, 80-IAC, 80 … WebFeb 1, 2024 · According to the announcement 5 income tax slabs will be in Financial Year 2024-24 from 6 income tax slabs currently. Under the new tax regime from the current income level of Rs. 5 lakh to Rs. 7 lakh. Thus individuals opting for the new income tax regime and having an income upto Rs. 7 lakh will not pay any taxes. WebMar 13, 2024 · The new regime may help if some of these are not applicable to you. When you are not availing of HRA and deduction on home loan interest When you are not paying … ceviche apache