WebMar 23, 2024 · The tax slab under new tax regime has been reduced from 6 to 5 and the basic exemption limit ha sbeen raised to Rs. 3 lakh from Rs. 2.5 lakh. These changes will be applicable from Assessment Year 2024-25. The income tax slab rates for the old regime are the same as previous years’ income tax slab rates. You can read more here. WebFeb 1, 2024 · Currently, a 5 per cent tax is levied on total income between Rs 2.5 lakh and Rs 5 lakh, 10 per cent on Rs 5 lakh to Rs 7.5 lakh, 15 per cent on Rs 7.5 lakh to Rs 10 lakh, 20 per cent on Rs 10 lakh to Rs 12.5 lakh, 25 per cent on Rs 12.5 lakh to Rs 15 lakh, and 30 per cent on above Rs 15 lakh.
Income Tax Calculator - Calculate Your Taxes for FY2024-24
WebMay 1, 2024 · This section provides a deduction of Rs 1.5 lakhs, which means you can technically increase the upper limit to Rs 3.5 lakhs for self-occupied homes. ... Top 15 Income tax Amendments applicable from 1st April 2024; Important Statutory Due dates for OPC Annual Filing for FY 2024-23; WebJan 19, 2024 · Income Tax for Salaried: Know how to calculate Income Tax on your salary with examples & save money under Tax Exemption, Tax Rebate, Tax Deduction & Tax … greek orthodox of america
How to pay zero tax on a salary of Rs 18 Lacs? Business News
Web9 hours ago · If you are not claiming too many deductions, you may want to opt for the new tax regime to save money on taxes. Under the new tax regime, you can claim tax rates of … WebDec 26, 2024 · 25%. Above INR 15 lakh. 30%. Additionally, 4% Cess and Surcharge (as applicable) is also required to be paid by the taxpayer. Here are some points regarding the … WebFollow the below-given steps to use the tax calculator: Choose the assessment year for which you want to calculate the tax. If you are looking for FY 2024-24, then the AY would be 2024-25 which you can select from the dropdown menu. In the next field, select your age. As already mentioned, Income tax in India differs based on different age groups. flower cinquain