New Tax Rate For Fy 2024-24. Fm sitharaman rejigs income tax slabs under new tax regime. Applicable surcharge and health and education cess shall be.
The basic exemption limit has been hiked to rs 3 lakh from rs 2.5 currently under the new income tax regime in budget 2023. To achieve greater progressivity, the top marginal personal income tax rate will be increased with effect from ya 2024.
Fm Sitharaman Rejigs Income Tax Slabs Under New Tax Regime.
Discover the tax rates for.
37% For Income Above Rs 5 Crore.
New it rate for the income range wise:
To Achieve Greater Progressivity, The Top Marginal Personal Income Tax Rate Will Be Increased With Effect From Ya 2024.
Images References :
The Federal Income Tax Has Seven Tax Rates In 2024:
5% on income which exceeds rs.
2) Tax Rebate Under Section 87A Increased From Rs 5 Lakh To Rs 7 Lakh.