WebFeb 9, 2024 · The new income tax regime will be the default tax regime, which means if you don’t choose any of the regimes, the new regime will be selected automatically Standard deduction has been increased to Rs 52,500 in new tax regime How Indian Stock Market Reacted to the Union Budget 2024-24 WebFeb 1, 2024 · 0 to Rs 3 lakhs - nil. Rs 3 to 6 lakhs - 5%. Rs 6 to 9 Lakhs - 10%. Rs 9 to 12 Lakhs - 15%. Rs 12 to 15 Lakhs - 20%. Above Rs 15 Lakhs - 30%. READ Budget 2024: What gets cheaper, what gets costlier. Full list. …
Opted for new income tax regime? Here’s how you can save more - India …
Web1 day ago · The government also extended the benefit of standard deduction of Rs 50,000 to taxpayers under the NTR. Till the financial year ending March 2024, this deduction was available only to taxpayers under the OTR. Table on tax outgo under new tax regime and old tax regime. The government announced changes in income slabs and tax rate in the NTR. WebDec 19, 2024 · “Deduction based on tax saving investments u/s 80C of the Income Tax Act,1961 has seen no increase since Financial Year 2014-15 of Rs.1,50,000. It is expected that the same will be established ... rcspassociation.fr
Income Tax Return (ITR) Applicability for AY -2024-2024 - TaxGuru
Web1 day ago · In addition, family pensioners opting for the new tax regime can claim a standard deduction of Rs 15,000 from their pension income. Soni highlighted that the rebate under … WebApr 12, 2024 · Budget 2024 has announced many changes under the Income-tax Act, 1961. ... Taxable income Income tax rates from April 1, 2024. Taxable income : Income tax rates from April 1, 2024 ... Infosys forecast its slowest revenue growth in six years of 4-7% for fiscal year 2024 as India’s second-largest software exporter flagged “ramp-downs” of ... WebApr 24, 2024 · Major changes in ITR-7 for FY 2024-23. The assesses has to disclose the foreign asset detail on calendar year basis that is till December 2024 instead of financial … rcsp challenger space engineers