Income Tax Slab Rates For Ay 2024-25 Uefa. An individual has to choose between new and old tax regime to calculate their income tax liability, subject to certain conditions. The highest slab rate of 30% applies on income exceeding rs.
Rs 3l to rs 6l 5% on income which exceeds rs 3,00,000. For the salaried individuals here are the old income tax slabs:
Make Informed Decisions For Maximum Savings.
This structure clearly shows how taxes are calculated at each income slab, ensuring a progressive tax rate that increases with higher income brackets.
Make New Tax Regime The Default Tax Regime For The Assessee.
No tax up to 2.5 lakh.
Income Tax Slab Rates For Ay 2024-25 Uefa Images References :
The Exemption Slab In The Speculated New Regime May Be Extended From The Present Rs 3 Lakh To Rs 4 Lakh At Least, They Say.
For the salaried individuals here are the old income tax slabs:
This Article Summarizes Income Tax Rates, Surcharge, Health &Amp; Education Cess, Special Rates, And Rebate/Relief Applicable To Various Categories Of Persons Viz.
This structure clearly shows how taxes are calculated at each income slab, ensuring a progressive tax rate that increases with higher income brackets.