New Tax Regime Slab Rate For Ay 2024-252. Section 115bac income tax act is. So old tax regime have different slab rates based on age groups mentioned above.
In the current financial year 2024, following the changes implemented in budget 2023, the maximum surcharge rate in the new tax. The income tax slabs in new tax regime will remain.
37% For Income Above Rs 5 Crore.
It is a period of 12 months, beginning from april 1 and ending on march 31.
So Old Tax Regime Have Different Slab Rates Based On Age Groups Mentioned Above.
In the new income tax regime, the rebate eligibility threshold is set at rs 7,00,000, allowing taxpayers to claim a rebate.
New Tax Regime Slab Rate For Ay 2024-252 Images References :
In The Current Financial Year 2024, Following The Changes Implemented In Budget 2023, The Maximum Surcharge Rate In The New Tax.
The new tax rate regime of income tax was introduced by the finance minister in budget 2020 to simplify tax filing.
Financial Year (Fy) Or Previous Year (Py) Is The Year In Which Income Is Earned.
The old tax regime with exemptions and deductions, and the new tax regime with reduced tax rates.