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5 days ago · Explore the latest Income Tax Slab & Tax Rates in India for FY 2024-25: Check out the latest income tax slabs and rates as per the New tax regime and Old tax regime.
Sep 22, 2024 · Tax slabs for AY 2024-25 and 2025-26 under the new regime vary, with tax rates starting at 5% for incomes above ₹3,00,000. However, opting for this regime disqualifies taxpayers from several deductions, including house rent allowance (HRA), leave travel concession (LTC), and deductions under Chapter VIA like Section 80C and 80D.
Jun 5, 2024 · Current Income tax slabs: Here are the income tax slabs for current financial year 2024-25 (assessment year 2025-26). An individual has to choose between new and old tax regime to calculate their income tax liability, subject to certain conditions.
5 days ago · Summary: For the financial year 2024-25, individual income tax slabs in India have been revised, with changes aimed at making the new tax regime more appealing. Under the new regime, income up to ₹3 lakh is tax-free, with progressively higher rates up to 30% for incomes above ₹15 lakh.
Income Tax Slab FY 2024-25: Check the latest Income Tax Slab Rates in India for FY 2024-25 (AY 2025-26) on ET Wealth by The Economic Times. Discover the latest tax slabs rate for 2024-25, and new Tax slabs for salaried, individuals and professional by the IT department, Old & New Income Tax Regime, announcments, news, updates, videos, and more
Oct 23, 2024 · The income tax slab for AY 2024-25 for salaried persons will be as per the announcements in budget 2023. It's always advisable to refer to the official tax guidelines and consult a tax expert to know any recent tax updates. Contents. What is Income Tax Slab? Income Tax Slab FY 2024-25 (AY 2025-26) Old Tax Regime Vs. New Tax Regime. Old Tax Regime.
In India, income tax is calculated using income tax slabs and rates for the applicable financial year (FY) and assessment year (AY). For this year, the financial year will be 2024-25, and the assessment year will be 2025-26.
