Yahoo India Web Search

Search results

  1. People also ask

  2. 3 days ago · Latest Income Tax Slab & Tax Rates in India for FY 2023-24 (AY 2024-25): Check out the latest income tax slabs and rates as per the New tax regime and Old tax regime.

    • Tax Rates applicable to Individuals (Resident / Non Resident) for FY 2023-24 (AY 2024-25) Following Tax Rates are applicable for assessee opting for ‘Old Tax Regime’
    • Income Tax Rate applicable to HUF, AOP, BOI, Other Artificial Juridical Person – Old Tax Regime for FY 2023-24 (AY 2024-25) Net Income Range. Rate of Income Tax.
    • New Tax Regime for Individual, HUF, AOP,BOI, AJP u/s. 115BAC for FY 2023-24 (AY 2024-25) These are Special Rates for Individual, HUF, AOP, BOI, AJP u/s.
    • Income Tax Rates applicable to Company for FY 2023-24 (AY 2024-25) 4.1 Domestic Company. Normal Income-tax rates applicable in case of domestic companies are as follows
    • Individuals. (Other than senior and super senior citizen) Net Income Range. Rate of Income-tax. Assessment Year 2024-25. Assessment Year 2023-24. Up to Rs. 2,50,000.
    • Rate of Surcharge. Assessment Year 2024-25. Assessment Year 2023-25. Range of Income. Rs. 50 Lakhs to Rs. 1 Crore. 1 Crore to Rs. 2 Crores. 2 Crores to Rs.
    • Range of Income. Rs. 50 Lakhs to Rs. 1 Crore. 1 Crore to Rs. 2 Crores. Exceeding Rs. 2 crores. 10% 15% 25% Note: The enhanced surcharge of 25% is not levied, from income chargeable to tax under sections 111A, 112, 112A and 115AD.
    • Domestic Company. Assessment Year 2023-24. Assessment Year 2024-25. ♦ Where its total turnover or gross receipt during the previous year 2020-21 does not exceed Rs.
  3. Feb 4, 2023 · The changes announced in the income tax slabs under the new tax regime is applicable for incomes earned in current the FY 2023-24, starting from April 1, 2023. Know what are the new income tax slabs under the new tax regime from FY 2023-24 and how they are different from existing ones.

    • Preeti Motiani
  4. Sep 9, 2023 · This article aims to provide a comprehensive guide on the income tax rates applicable for the Assessment Years 2023-24 and 2024-25. It covers tax rates for various categories, such as individuals—both resident and non-resident, senior and super senior citizens, HUFs, and different types of firms and companies.

  5. Sep 10, 2024 · Income tax slab FY 2023-24 (AY 2024-25): Check out the latest income tax slab for salaried, individuals and senior citizens by the IT department. Discover the tax rates for both the new tax regime and the old tax regime.

  6. The new income tax slabs under the new tax regime have retrospectively come into effect from April 1, 2024 for the current financial year 2024-25. The changes in income tax slabs of new tax regime were announced in July 2024 as government presented its full budget after the Lok Sabha elections 2024.