Old Tax Regime Slabs 2024-24. Rs 250,001 to rs 500,000: The income tax slabs have been reduced from 6 to 5.
In this article, we will delve into the new income tax slabs and explore the differences between the old and new regimes. People with an annual income of up to rs 2.5 lakh are.
Income Between Rs 2.5 To Rs 5 Lakh Is Taxed At The Rate Of 5 Per Cent Under The Old Tax Regime.
Stay informed about the changes that may affect your tax.
The Tax Slab Has Been Changed In Budget 2023 By The Finance Minister, Nirmala Sitharaman.
In case, you want to calculate your taxes under the old tax slabs,you will have to enter your tax saving investments under section 80c, 80d, 80g, 80e and 80tta.
In The Old System, There Was A 5% Tax Exemption On Incomes Between Inr 2.5 Lakh And Inr 3 Lakh.
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This Service Also Provides A Calculation Of Tax Under The Old Or New Tax Regime With A Comparison Of Tax As Per The Old And New Regime.
It is important to note that many changes were made in budget 2023 in the new tax regime.
2) Tax Rebate Under Section 87A Increased From Rs 5 Lakh To Rs 7 Lakh.
5% rs 500,001 to rs 1,000,000:
In This Article, We Will Delve Into The New Income Tax Slabs And Explore The Differences Between The Old And New Regimes.