WebFeb 2, 2024 · Income Tax slab rates for FY 2024-24 applicable for all Individuals and Hindu Undivided Family (HUFs) [New Tax Regime]: Major points in the New Income Tax Regime for FY 2024-24: The basic exemption limit is increased to ₹3 Lakh earlier, which was ₹2.5 Lakh. WebMar 22, 2024 · What Are the Surcharge Rates in the New Tax Regime for FY 2024-24? As per the new tax regime, the government revised the surcharge rate for FY 2024-24. The new surcharge rate is as follows: (A) Your income above Rs 50 lakhs – 10%. (B) Your income above Rs 1 crore – 15%. (C) Your income above Rs 2 crore – 25%.

2. Income Tax Slab Rates For FY 2024-23 (AY 2024-24)

WebApr 12, 2024 · Income Tax Slab Changes. Through the Union Budget, 2024 many changes have been introduced in the income tax slab under the new tax regime for the FY 2024 … Web2 days ago · 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 … can a sore back be cancer

New Income Tax Slab For FY 2024-24 - Forbes

WebMar 17, 2024 · New Income tax rate slab for Financial Year FY 23-24 (AY 24-25) in India: Income tax is Zero (0) up to taxable income of Rs. 7,00,000 for FY 23-24 (AY 24-25), under new tax regime. ... 5 thoughts on “ Excel Income tax calculator for FY 2024-23 and FY 2024-24 with case studies ” Kamesh Bandla says: 6th February 2024 at 7:03 am. where is HRA ... WebJan 17, 2024 · There are seven tax brackets for most ordinary income for the 2024 tax year: 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent and 37 percent. Tax … WebFeb 7, 2024 · Income Tax Rate to Partnership Firm & LLP for FY 2024-24 (AY 2024-25) Partnership firm (including LLP) is taxable at 30%. Surcharge: The amount of income-tax … can a sore throat be cancer