Budget 2024 has proposed changes in the income tax slabs ... rates are different in old and new tax regimes for incomes exceeding Rs 50 lakh. The surcharge rates are lower in the new tax regime ...

Income Tax Slabs 2023-24 old regime: In case of resident individuals ... Income Tax Slabs 2023-24 new tax regime: Under the CTR, the eligibility of rebate was increased for income up to Rs 7,00,00 ...

Latest Income Tax Slabs, Rates In Budget 2025 ... However, choosing between the old regime and the new tax regime is dependent on the person and his/her financial profile. Notably, the The ...

Income Tax Budget 2024: Sitharaman said income of up to ₹3 lakh will continue to be exempted from income tax under the new regime. New income tax vs. old income tax slabs: Finance Minister ...

Income tax slab for AY ... is taxed at a rate of 30 per cent. The old regime allows you to claim various deductions and exemptions (eg, under Section 80C, 80D, HRA). The new regime forgoes most ...

And in the Rs 12 lakh - Rs 16 lakh slab, the rate ... to the old tax regime slabs, you would pay a total income tax of Rs 1,72,500 -- Rs 52,000 more than what you will pay under the new regime.

New Tax Regime vs Old Tax Regime Slabs and Rates: Finance Minister Nirmala Sitharaman has announced significant income tax relief for the middle class in the Union Budget 2025. Budget 2025 New Tax ...

As a tax-paying citizen in India, you might be already aware of the revision to income tax slabs in India every year. With the new tax regime slabs, certain changes have come about. For instance ...

In the fiscal year 2025-26, starting from April 1, 2025, the New Tax Regime will see new income tax slabs, including a tax rebate of Rs 60,000 for income up to Rs 12 lakh (and Rs 12.75 lakh for ...

Union Finance Minister Nirmala Sitharaman on Tuesday announced revised slabs for ... In the new tax regime, no tax is levied on annual income up to Rs 3 lakh. Earlier, a tax rate of 5% was applied ...

Though the new income ... down the slab rates for incomes up to ₹24 lakh.(Pixabay) However, this is only if the person chooses the new regime. Some people opt for the old tax regime due to ...