New Regime Tax Slab 2024-24. 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. What are the income tax slabs and income tax rates under the new income tax regime?
The highest slab rate of 30% applies on income exceeding rs. 25000 for taxable income up to rs.
The Highest Tax Rate Remains Unchanged At 30% For Income Above Inr 15 Lakh.
What are the income tax slabs and income tax rates under the new income tax regime?
Since The New Regime Offers Seven Lower Tax Slabs, It Can Result In Lower Tax Liabilities For Individuals Who Don’t Claim Many Deductions.
B) increase in the rebate limit to rs.7 lakh in the ‘new tax regime’.
New Regime Tax Slab 2024-24 Images References :
Nil From Rs 2,50,001 To Rs.
D) reduce the highest surcharge rate from 37% to 25% in ‘new tax regime’.
A) Change In Tax Slab Of ‘New Tax Regime’.
The basic exemption limit has been raised to rs 3 lakh from rs 2.5 lakh to make the new tax regime slab more attractive.