2024-25 Tax Slab. The government is likely to remain committed to maintaining policy. An individual has to choose between new and old tax regime to calculate their income tax liability, subject to certain conditions.
Union finance minister nirmala sitharaman, while presenting the interim budget on thursday, said that there would be no changes to taxation and proposed to retain same direct and indirect tax rates, including import duties. The highest slab rate of 30% applies on income exceeding rs.
The Number Of Tax Slabs Under The New Tax Regime Has.
Individuals earning between 500,000 rupees ($5,987) and 1.5 million rupees, currently taxed at rates from 5% to 20%, may benefit from this move.
Refer Examples &Amp; Tax Slabs For Easy Calculation.
The highest slab rate of 30% applies on income exceeding rs.
2024-25 Tax Slab Images References :
No Changes Have Been Made By The Finance Minister Nirmala Sitharaman In The Income Tax Slab Rates In Interim.
Also, check the updated tax slabs for individuals.
Learn About Rebates, Cess, Surcharge, And.
Individuals earning between 500,000 rupees ($5,987) and 1.5 million rupees, currently taxed at rates from 5% to 20%, may benefit from this move.