Web1 feb. 2024 · The government has revised the surcharge rate under the new tax regime for FY 2024-24. The revised surcharge rate as follows: (A) Taxable income above Rs 50 … Web6 apr. 2024 · New Tax Rules in India: What You Need to Know As of April 1, 2024, the Indian government has introduced several new income tax rules related to accounting, …

Know The Income Tax Rules Changing From April 1, 2024

Web1 apr. 2024 · The Government has made some new rules which are applicable from 1st April 2024 i.e from the new financial year which are described below: New Tax Regime: The New Tax Regime shall be treated as Default Regime. The taxpayers shall still have the option to choose from the prior regime (OLD TAX REGIME). Change in Income Tax … Web1 apr. 2024 · 1) New Income Tax Regime Has Become A Default Regime. The new income tax regime has become the default tax regime on April 1, 2024. Tax assessors will still have the option of using the previous regime. The standard deduction under the new scheme for taxable income is over Rs 15.5 lakh is Rs 52,500 for salaried individuals and … phils loop bend or

What Are The New Income Tax Rules? Fi Money

Web23 feb. 2024 · The new tax regime has rationalized the scope of taxation with five tax slab rates ranging from 0% to 30% with the income till INR 3 lakh exempt from tax and the highest tax rate of... Web3 feb. 2024 · New income tax regime will now be the default regime but taxpayers have an option to choose old regime; Standard deduction of Rs 50,000 to salaried individual, and deduction from family pension up to Rs 15,000, is currently allowed only … Web30 mrt. 2024 · The new income tax regime will take over as the primary tax regime on April 1, 2024. Tax assessors will still have the option of using the previous regime. The … phils locksmith sacramento