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5 days ago · The Budget 2024 has revised the tax slabs in the New Regime, providing taxpayers with an extra opportunity to save Rs. 17,500 in taxes. Additionally, the standard deduction has been raised to Rs. 75,000 under this regime and the family pension deduction has been increased to Rs. 25,000 from Rs. 15,000. This is applicable for the FY 2024-25.
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.
Aug 5, 2024 · The new Income tax slabs under the new tax regime for FY 2023-24 (AY 2024-25) are: Surcharge and Cess are to be added separately based on the taxable income over and above the tax rates mentioned above. Plan Early and Get ahead for next year’s savings. Use Tax Calculator and get your taxes estimates in mins as per new budget. Calculate Now.
Feb 7, 2023 · The following amendments related to tax rates/computation have been introduction in Budget 2023:- a) Change in tax slab of ‘New Tax Regime’. b) Increase in the rebate limit to Rs.7 lakh in the ‘New Tax Regime’. c)Extend the benefit of standard deduction to the ‘New Tax Regime’.
Apr 16, 2024 · Explore the exemptions and deductions allowed under the new tax regime for FY 2023-24 (AY 2024-25). Learn about the options available to taxpayers and make informed decisions to optimize tax efficiency.
Income Tax Calculator - How to calculate Income taxes online? for FY 2023-24 (AY 2024-25) and FY 2024-25 (AY 2025-26) with ClearTax Income Tax Calculator. Refer examples and tax slabs for easy calculation.
New tax regime is the default tax regime. However, taxpayers can opt for the old regime. . New vs. Old Tax Regime> FAQs. 1) What is the difference between the old and new tax regime? s are different in old and new tax re. imes. Various deductions a.
Sep 9, 2023 · New tax regime (also known as alternative tax regime) is optional for the Assessment Year 2023-24.
Feb 1, 2023 · Income tax slabs under the new tax regime have been reduced to five in FY 2023-24 from six. Further the basic exemption limit has been hiked to Rs.3 lakh from Rs.2.5 earlier under the new income tax regime. The amount of rebate under Section 87A has been enhanced under the new tax regime to taxable income of Rs 7 lakh.
Feb 2, 2023 · New Regime Income Tax Calculator FY 2023-2024 (AY 2024-2025): Calculate your tax liability with New Regime Tax Calculator, know how much tax you will have to pay for Rs 7, 9, 10, 12 or...
