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   Can I Opt for a new tax slab regime in FY 2023?

   • For FY 2023-2024, taxpayers have the option to select between two tax regimes: the old tax regime or the new one. The income tax should be calculated by using the applicable slab rates. Can I claim 80C deductions and opt for a new income tax slab regime?

   Income Tax Slabs FY 2023-24 & AY 2024-25 (New & Old Regime Tax Ra…

   cleartax.in/s/income-tax-slabs

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   Who is eligible for income tax slabs 2024-25?

   • Income Tax Slabs 2024-25 Old Tax regime: For the financial year 2024-25, the income tax slabs and rates in the table apply to individuals, including residents below 60 years of age, non-residents (NR), and non-ordinary residents (NOR). Old Tax regime Rebate

   Income Tax Slabs FY 2024-25 Explained: New Tax Regime Vs Old Tax Re…

   timesofindia.indiatimes.com/business/india-business/income-tax-slabs-fy-2024-25-explained-new-tax-regime-vs-old-tax-regime-what-are-the-tax-rates-slabs-surcharge-rates-find-out/photostory/108952255.cms

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   What are the new income tax slabs for FY 2024-25 (Ay 2025-26)?

   • The income tax slabs in the new tax regime have been tweaked for the current FY 2024-25 (AY 2025-26). The changes in the income tax slabs raised the upper limit in two slabs by Rs 1 lakh. The Rs 3 lakh-Rs 6 lakh slab has become Rs 3 lakh-Rs 7 lakh; and the Rs 6 lakh-Rs 9 lakh slab has become Rs 7 lakh-Rs 10 lakh.

   Latest Income Tax Slab and Rates - FY 2023-24 | AY 2024-25

   economictimes.indiatimes.com/wealth/income-tax-slabs

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   How has budget 2024 changed the tax slabs?

   • 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.

   Income Tax Slabs FY 2023-24 & AY 2024-25 (New & Old Regime Tax Ra…

   cleartax.in/s/income-tax-slabs

   See all results for this question

2. cleartax.in › s › income-tax-slabsIncome Tax Slabs FY 2023-24 & FY 2024-25 (New & Old Regime ...

   cleartax.in › s › income-tax-slabs

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   4 days ago · The article explains the concept of income tax slabs under old and new regimes, the revised tax rates for FY 2024-25, how to calculate income tax, meaning of surcharge, budget updates impact, and consequences of not filing ITR on time.

3. taxguru.in › income-tax › new-slabs-income-taxNew Slabs of Income Tax For Assessment Year 2024-25 And 2025-26

   taxguru.in › income-tax › new-slabs-income-tax

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   6 days ago · 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.

4. Videos

   • 

     indiatoday.in

     Income tax slabs 2024-25: Budget 2024 to tweak new income tax regime?

     1 Feb 2024

   • 

     7:39

     youtube.com

     Income Tax Slabs for FY 2024-25 | No Income Tax Changes Announced in Budget | New vs Old Tax Regime

     1 Feb 2024

     1.3K views

   • 

     oneindia.com

     Income Tax Slab 2024-25: No Tax Till Rs 3 lakh Income Under New Tax Regime

     22 Jul 2024

   View all

5. economictimes.indiatimes.com › wealth › taxIncome tax slab rates for FY 2024-25 (AY 2025-26) - The ...

   economictimes.indiatimes.com › wealth › tax

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   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.

   • Author: Preeti Motiani

6. www.caclubindia.com › articles › income-tax-slabsChanges in Slab Rate For FY 2024-25 and AY 2025-26 - CAclubindia

   www.caclubindia.com › articles › income-tax-slabs

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   Jul 23, 2024 · Income tax slabs are the categories of income levels that determine the rate at which income tax is charged for the applicable financial year (FY) and assessment year (AY). Each slab has a specific tax rate applied to the income that falls within its range. Budget Update 2024-25.

7. www.forbes.com › in › taxIncome Tax Slab For FY 2024-25 – Forbes Advisor INDIA

   www.forbes.com › in › tax

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   Old Tax Regime: Income Tax Slab For Individuals FY 2024-25. Under the old tax regime, individual taxpayers (below 60 years) earning an annual income of up to INR 2.5 lakh were exempt from paying...

   • Author: Dipen Pradhan

8. economictimes.indiatimes.com › wealth › income-tax-slabsIncome Tax Slab FY 2024-25: Latest Income Tax Slab Rates for ...

   economictimes.indiatimes.com › wealth › income-tax-slabs

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   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.

9. timesofindia.indiatimes.com › business › indiaIncome Tax Slabs FY 2024-25 Explained: New Tax Regime Vs Old ...

   timesofindia.indiatimes.com › business › india

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   Apr 4, 2024 · Income Tax Slabs 2024-25 New Tax Regime: In the new income tax regime, the rebate eligibility threshold is set at Rs 7,00,000, allowing taxpayers to claim a rebate of up to Rs 25,000.