New Tax Regime For Ay 2024-25. In budget 2023, rebate under new regime has been increased to rs. In the current financial year 2024, following the changes implemented in budget 2023, the maximum surcharge rate in the new tax regime for. Income tax return filing new dates from fy 2023.
The new tax regime disallows common deductions and tax exemptions such as hra tax exemption, lta tax exemption, section 80c, 80d etc. Individuals and hufs can opt for the old tax regime or the new tax regime with lower rate of taxation (u/s 115 bac of the income tax act) the.
The New Tax Regime Disallows Common Deductions And Tax Exemptions Such As Hra Tax Exemption, Lta Tax Exemption, Section 80C, 80D Etc.
The tax slabs have been revised under the new tax regime.
March 3, 2024 By Pooja Gupta.
The uk government has published for consultation draft legislation on the new pensions tax regime, intended to be effective from 6 april 2024.
Images References :
To Further Enhance The Appeal Of The New Regime, The Centre Should Consider To Lower The Highest Tax Rate From 30% To 25% And Increase The Income.
In budget 2023, rebate under new regime has been increased to rs.
Check How Much Income Tax You Need.
The government hiked the basic income exemption limit from rs 2.5 lakh to rs 3 lakh under the new tax.