New Regime Tax Slab 2024-24. The highest tax rate remains unchanged at 30% for income above inr 15 lakh. New tax regime to old tax regime:
Also, the highest tax rate of 30% will be levied above rs 15 lakh income. 28 jun, 2024, 11:18 am ist.
Make New Tax Regime The Default Tax Regime For The Assessee Being An Individual, Huf, Aop.
The latest budget for 2023 has introduced some significant changes to the income tax slabs in the new tax regime, aimed at making it more appealing to individual taxpayers.
Also, The Highest Tax Rate Of 30% Will Be Levied Above Rs 15 Lakh Income.
The new tax slab would be the default tax slab.
New Regime Tax Slab 2024-24 Images References :
The General Slab Rates Applicable In The Case Of An Individual Or Huf Are 5%, 20%, And 30%.
B) increase in the rebate limit to rs.7 lakh in the โnew tax regimeโ.
Ravi Has A Total Taxable Income Of Rs 8,00,000.
This income has been calculated by including income from all sources such as salary, rental income, and interest income.