A significant announcement introduces tax exemption for incomes up to Rs 12 lakh under the new ... rate income such as ...

The Government of India levies tax upon the income of salaried and self-employed citizens of all age groups. Once you figure out which tax slab ... the new tax regime, while the rate for taxpayers ...

Income Tax Slabs: The new tax slabs announced by Union Finance ... For Rs 3-7.5 lakh income, the rate is 5 per cent now, instead of 10 per cent in some slabs, and that relief comes at once.

The Income Tax filing deadline is just 46 days away from today, with the deadline being on July 31, 2024. Taxpayers should be ready to file their returns anytime now at the tax rates declared by ...

2. Zero tax on income up to Rs 12 lakh - Rs 12.75 lakh for salaried individualsWith changes in the new income tax regime, individuals earning a taxable income up to Rs 12 lakh will now have to pay ...

The Government of India introduced a new optional tax rate regime ... has revised the tax slab rates for salaried individuals and pensioners as follows: 5% for taxable income of INR 4 lakh to ...

112 etc.). Income tax rules on Section 87A tax rebate for FY 2025-26 In accordance with the New Tax Regime, a revised rate slab has been introduced. Under this new system, individuals earning ...

In the interim Budget 2024, Finance Minister Nirmala Sitharaman maintained the status quo on income tax slab ... new tax regime for FY 2023-24 and FY 2024-25, as sourced from ClearTax. Section ...