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Jul 25, 2024 · Existing new regime 2023 versus revised new regime 2024: If an individual taxpayer has an income of Rs 6 crore, then under the revised new income tax regime, the tax benefit would be Rs 22,750 ...
India Budget 2023: Top Budget 2023 News, Big Budget Headlines, Budget 2023-24 Live Updates and Highlights
India Budget 2023: Find the latest updates on the Union Budget 2023-24 of India. Catch all the big budget ......
CNBC Awaaz
3 days ago
Govt's small savings collection may not exceed July BE of Rs 4.2 trillion
The central government’s small savings collections may not exceed the July Budget Estimate of...
Business Standard India
2 days ago
In Budget 2023, a tax rebate on an income up to ₹7 lakhs was introduced under the new tax regime. This means that taxpayers with an income of up to ₹7 lakhs will not have to pay any tax at all if they opt for the new tax regime.
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 1, 2023 · The Union budget 2023 presented in the Parliament today on 1st February 2023, the Finance Minister proposed five major announcements for tax payers: 1. Nil tax, upto income Rs. 7 Lakhs (After Rebate U/S 87A) 2. Six Income slabs and new tax rates. 3. Standard Deduction Rs. 52,500/- for salaried person with an income of Rs. 15.5 Lakhs or above. 4.
Feb 1, 2023 · Budget 2023: What is the new tax regime and will you get I-T rebate? Nirmala Sitharaman said that while the new tax regime would be the default, tax payers could opt for the old one. She also announced changes to tax slabs in the new tax regime.
Feb 1, 2023 · Till FY 2022-23 (March 31, 2023), the new tax regime offered 6 tax slabs and lower tax rates as compared with the old income tax regime. Income tax slabs and rates for resident individuals below 60 years of age, NRI and HUFs
Feb 1, 2023 · New Income Tax Regime vs Old Income Tax Regime: Finance Minister Nirmala Sitharaman has revamped the new income tax regime and announced new income tax slabs for 2023 - 2024. The total number of ...
Feb 2, 2023 · Budget 2023 tweaked the income tax slabs under the new tax regime. The maximum exemption limit will be Rs 3 lakh and for every additional Rs 3 lakh income, the next slab rate will apply. Up to Rs 3 lakh - 0 per cent tax. Between Rs 3 and 6 lakh - 5 per cent tax. Between Rs 6 and 9 lakh - 10 per cent tax.
new tax regime the default tax regime for the assessees being Individual, HUF, AOP (not being co-operative societies), BOI or Artificial Juridical Person. However, the eligible taxpayers have the option to opt out of new tax regime and choose to be taxed under old tax regime. The old tax
Feb 4, 2023 · With a hike in the basic exemption limit and rebate and tweaks to the income tax slabs, Sitharaman has made the new income tax regime attractive for salaried individuals. Budget 2023 has also introduced standard deductions in the new tax regime.
