Witryna1 lut 2024 · Following are the new tax slabs in the New Tax Regime as per FM Nirmala Sitharaman’s Budget Speech 2024 Income Tax Rates For AY 2024-24 (New Regime) 0 to Rs 2.5 lakh: NIL Witryna10 kwi 2024 · In budget 2024, major tweaks were announced to the existing new tax regime, while keeping the old tax regime in its same form. ... Old Tax Regime Vs …

Tax rates on salary income Tax Year 2024 - Pkrevenue.com

Witryna9 kwi 2024 · Union Budget 2024-24 on February 1, 2024, introduced revised tax slabs under the new tax regime wherein the basic exemption limit was increased to INR 3 … Witryna1 dzień temu · Understanding the old and new tax regimes. The tax liability under the old tax regime was based on income slabs with a tax rate of 5% for income between 2.5 lakhs to 5 lakhs, and 15% for income between 5 lakhs to 7 lakhs. This was further reduced by a rebate available under section 87A, but only if the income was less than … porch leads portal

Old Tax Regime Vs. New Tax Regime 2.0 – A Quick Guide With …

Witryna21 mar 2024 · It comes into effect on April 1, 2024. As per the new tax regime (pre-budget 2024), if your income is Rs 15 lakh, you would fall under the 25 percent tax bracket, and your tax liability would be Rs 1.95 lakh. However, the new tax regime doesn’t offer the standard deduction benefit. 4. Witryna25 cze 2024 · On the other side, the fixed tax of Rs. 100 proposed in Budget 2024-23 has now been replaced with a tax slab of 2.5 percent for salaried persons having … Witryna4 lut 2024 · Tax Liability for Rs 15 Lakh Annual Income in FY 2024-24: For Income upto Rs 15 lakh, the total tax liability will be Rs 1,56,200 in AY 2024-25 under New Tax … porch leads reviews