WebTax Slabs for AY 2024-23. Senior and Super Senior Citizens can opt for the Existing Tax Regime or the New Tax Regime with lower rate of taxation (u/s 115 BAC of the Income Tax Act) ... Income Tax Slab Income Tax Rate Income Tax Slab Income Tax Rate; Up to ₹ 3,00,000: Nil: Up to ₹ 2,50,000: Nil ₹ 3,00,001 - ₹ 5,00,000: WebIncome tax slab rates for FY 2024-24 (AY2024-25), FY 2024-23 (AY 2024-24), FY 2024-22 (AY 2024-23) under old tax regime Budget 2024 announced no changes in the old tax regime. Thus, anyone opting for the old tax regime will continue to calculate the income tax payable under the same tax rates in FY 2024-24 (April 1, 2024 - March 31, 2024) as in ...
New and Old tax Regime slab Rates for FY 2024-24 & FY 2024-23
WebNov 7, 2024 · Here we list out the income tax slabs for three different categories of tax-payers – those aged below 60 years, those between 60 and 80 years of age, and those aged above 80 years. Income Tax Slabs … WebIndividuals and HUFs can choose between the new or old tax regime and pay applicable income tax as per slabs and rates for FY 2024-22 (AY 2024-23). This option to Individuals … frs 115 point in time
New Income Tax Slab Regime for FY 2024-22 & AY 2024-23
WebApr 23, 2024 · Income Tax Rates for Companies AY 2024-23 Income Tax Rates for Domestic Companies Surcharge & Cess in case of Domestic Companies Health & Education Cess: 4% of income tax plus surcharge Income Tax Rates for Foreign Companies Foreign Companies are liable for tax at the rate of 40% of the total taxable income. WebIncome tax exemption limit increased from Rs 2.5 lakh to Rs 3 lakh Tax Rebate under section 87A increased from Rs 5 lakh to Rs 7 lakh The default tax regime will be the new income tax regime and the taxpayers can choose to opt for the old income tax regime. Check latest Income Tax Slabs FY 2024-24 What is an Income Tax Calculator? WebApr 10, 2024 · Rs. 1,87,500 + 30%. NRI income tax slab rates AY 2024-23. Note: Income tax exemption limit for NRI taxpayers is up to Rs. 2,50,000. NRIs opting for the new tax regime with lower rates will not be eligible for certain exemptions and … gibraltar cruise ship schedule 2021