Web10 apr. 2024 · 7) There are six income slabs now in the new regime with the increased basic exemption limit to Rs 3 lakhs from the previous limit of Rs 2.5 lakhs. In addition, the maximum rate of surcharge... WebNew Tax Regime Slab Rates for Domestic Companies for FY 2024-21. The new income tax slab for domestic companies is: 15% for a business registered on or after October 1, 2024, starting manufacturing on or before March 31, 2024, and choosing section 115BAB (not covered by sections 115BA and 115BAA).
Income tax slab and rates for FY 2024-24 (AY 2024-25)
Web1 feb. 2024 · The Finance Minister of India Nirmala Sitharaman during the Union Budget 2024 announced the new tax slabs under the new tax regime. For those earning up to … Web17 uur geleden · The government has made some changes to the income tax rules to encourage more people to opt for the new tax regime. Here are the key changes: New income tax slabs: The number of income tax slabs has been reduced from six to five. This means that the income tax rates have been simplified under the new tax regime. Hike in … pave financial solutions
Income Tax Rates for FY 2024-24 (AY 2024-25)
Web12 uur geleden · The new tax regime may be more beneficial if you have a higher income. As per budget 2024, an individual with Rs 9 lakh annual income will have to pay Rs … Web12 apr. 2024 · April marks the beginning of a new financial year, which is when usually new income tax laws come into effect. For the financial year 2024-24, the government has … WebHowever, under the New Tax Regime, most deductions are not allowed. Ouch! But here's some good news - starting from FY 2024-24, you can now claim a Standard Deduction of … pave finance inc