WebNov 10, 2024 · The IRS also announced that the standard deduction for 2024 was increased to the following: Married couples filing jointly: $25,900. Single taxpayers and married … WebFeb 2, 2024 · The new income tax slabs and tax rates for senior citizens, under the new income tax regime will be as follows: Income between Rs 0 to Rs 3 lakh – 0% tax rate; Income between Rs 3 to 6 lakh – 5%; Income between Rs 6 to 9 lakh – 10%; Income between Rs 9 lakh to Rs 12 lakh – 15%;
New Income Tax Slabs Changes 2024-24: Check all the updated tax slab …
Web7 rows · Apr 13, 2024 · The government introduced the optional income tax system with seven tax slabs to assure ... WebFeb 1, 2024 · In the revised tax slabs under new tax regime, no income tax will be levied till Rs 3 lakh, a 5 per cent tax will be levied on total income between Rs 3 lakh and Rs 6 lakh, 10 per... iphone to usb adapter walmart
New Income Tax Slab Rates FY 2024-24 (AY 2024-25) - Tax2win
WebThe income tax slabs has been revised from 6 to 5 under the new tax regime Basic exemption limit hiked to Rs 3 lakh from Rs 2.5 lakh under the new tax regime Standard deduction introduced for salaried individuals, pensioners under the new tax regime Highest surcharge rate reduced to 25% from 37% under the new tax regime WebFeb 7, 2024 · Surcharge applicable as per tax rates below in all categories mentioned above: 10% of Income tax if total income > Rs.50 lakh 15% of Income tax if total income > Rs.1 crore 25% of Income tax if total income > Rs.2 crore 37% of Income tax if total income > Rs.5 crore. New Tax regime on interest earned from deposits Web1 day ago · The new income tax regime has new income tax slabs for 2024-24 which offer lower tax rates but with the caveat of not being able to avail many exemptions and … iphone to usb drive