Surcharge: The highest surcharge rate is 25% under the new regime as opposed to 37% in the old regime. The Union Budget 2024 has introduced significant updates to the income tax …

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 …

18 hours ago · 25% slab introduced for high earners and tax relief up to 30.8% for middle-income group. Read this table to see how much tax you can save at different income levels ranging …

Nov 11, 2024 · Under the new regime, income up to ₹3 lakh is tax-free, with progressively higher rates up to 30% for incomes above ₹15 lakh. Key changes include a raised standard …

1 day ago · Budget 2025 Income tax slab changes: The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income above Rs 15 lakh. …

New Regime: Ideal for those with minimal deductions and seeking simplified filing. A partnership firm or an LLP is taxable at 30% Note - A Surcharge of 12% is levied on incomes above Rs 1 …

Salaried employees (under the new tax regime) will save up to Rs 17,500 annually in taxes as per the changes proposed in the recent Union Budget 2024-25. Standard Deduction: The standard …

1 day ago · Budget 2025: Nirmala Sitharaman announces rejig of income tax rates — Here’s how slabs have changed under new tax regime Finance Minister Nirmala Sitharaman announced a …

New Tax Regime 2024: Check out here all the frequently asked questions about the new income tax regime for FY 2024-25 slabs, calculator, and deductions for salaried employees. Latest …