The central board of direct taxes (cbdt) has notified the income tax return forms for current financial year i.e. Let’s have a look at them.
Disclaimer:the above calculator is only to enable public to have a quick and an easy access to basic tax calculation and does not purport to give correct tax calculation. Through the finance bill 2024, the tax rate for salaried individuals earning between rs50,000 to rs100,000 per month has been doubled.
On 25 January 2024, The Government Announced Changes To Individual Income Tax Rates And Thresholds From 1 July 2024.
From 1 july 2024, the proposed tax cuts will:
Individual Taxpayers (Below 60 Years) Earning An Annual Income Of Up To Inr 2.5 Lakh Are Exempt From Paying Taxes Under The Old Tax Regime.
Use the income tax estimator to work out your tax refund or debt estimate.
Images References :
This Measure Is Believed To Raise An Additional Rs75Bn.
But, section 207 gives relief from payment of advance tax to a resident senior citizen.
Current Income Tax Slabs Under New Tax Regime.
Medicare levy surcharge income, thresholds and rates.