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  2. 4 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.

  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. 4 days ago · What Are Income Tax Slabs? Indian taxpayers are bracketed into different income categories for easier and fairer taxation. For instance, an individual making ₹5,00,000 per annum should not have to pay the same tax as someone making ₹50,00,000 per annum.

  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.

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    • Tax2win
  6. 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.

    • Preeti Motiani
  7. What is Income Tax Slab? In India, Income Tax is calculated using a slab system. This means that different income ranges are taxed at different rates. As your income goes up, the tax rate on the higher income also increases. This system ensures that those with higher incomes pay a larger percentage in taxes.

  8. 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.