New Tax Slab
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Tax Slabs Changed, How Much Will You Pay With Rs 10 Lakh Annual Income?
Earlier, a salaried employee earning Rs 10 lakh per annum was supposed to pay an income tax of roughly Rs 52,500 under the new regime. Under the revised tax slabs in the new tax regime, he/she will have to pay around Rs 42,500.
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"Save As Much As Rs 17,500": Finance Minister on New Tax Regime Slabs
Standard deduction in the new tax regime will be increased from Rs 50,000 to Rs 75,000, Finance Minister Nirmala Sitharaman said Tuesday as she announced the 2024 Union Budget.
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Union Budget 2024: Angel Tax For All Classes Of Investors To Be Abolished
In a bid to bolster the Indian startup ecosystem, the Centre today announced the abolishment of angel tax for all classes of investors.
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What Is The Difference Between New And Old Income Tax Slabs
Income Tax in India operates under a structured system of tax slabs. Your incomes are divided into specific ranges, each with corresponding tax rates.
-
How To Maximise Your Tax Savings With The New Tax Regime
The Indian tax system for FY 2024-2025 maintains existing income tax slabs, allowing taxpayers to choose between old and new regimes.
-
"No New Change In Tax Regime": Government Explains What Changes From Today
In a detailed note, the ministry explained that the new tax regime has low rates but fewer exemptions and deductions.
-
Budget 2024 Highlights: In Nirmala Sitharaman's Budget, No Change In Tax Slabs
Finance Minister Nirmala Sitharaman today presented Union Budget 2024 in Parliament. This was an interim budget as it came just ahead of the Lok Sabha Elections. No changes were announced in the tax slabs in both old and new regime.
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Concessional Tax, Rs 3 Crore TDS Limit In Tax Relief For Cooperative Sector
To promote the cooperative sector, the government on Wednesday announced a slew of measures, including a concessional tax of 15 per cent to promote new societies focusing on manufacturing and a higher limit of Rs 3 crore for TDS on cash withdrawal.
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"Hum Do, Hamare Do...": Shatrughan Sinha's Jibe At New Income Tax Slab
Trinamool Congress (TMC) leader Shatrughan Sinha on Wednesday said that the Union Budget presented in the Parliament had a major focus on "Hum Do Humare Do" and had nothing special for the people belonging to the middle-class strata.
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Union Budget 2023: New vs Old Tax Regime - See What Has Changed
Budget 2023: Finance Minister Nirmala Sitharaman has increased the rebate limit for individual taxpayers from Rs 5 lakh to Rs 7 lakh a year.
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No Tax On Income Up To 7 Lakhs, Centre Says New Tax Regime "Attractive"
Nothing changes if you choose the Old Tax Regime, which has exemptions for investments; New regime is now the default scheme unless you opt for Old
-
Significant Changes In Income Tax Rules And Cash Deposit. Details Here
These significant changes in the income tax rules came into effect on July 1 this year
-
Here's Everything You Need To Know About Filing Income Tax Return
Individuals can choose to file their Income Tax Returns online to avoid the hassles of physical paperwork.
-
Income Tax Slabs Under New Regime, Last Date For Filing Returns. Read Details
The individual taxpayers need to file ITR for FY 2021-2022 by July 31.
-
GST Had Serious Birth Defects, Worsened Over Last 5 Years: P Chidambaram
The Congress on Friday demanded that the current Goods and Services Tax (GST) law should be scrapped and a new one with a single low slab be brought in its place, claiming the existing law has "serious birth defects".
-
Tax Slabs Changed, How Much Will You Pay With Rs 10 Lakh Annual Income?
Earlier, a salaried employee earning Rs 10 lakh per annum was supposed to pay an income tax of roughly Rs 52,500 under the new regime. Under the revised tax slabs in the new tax regime, he/she will have to pay around Rs 42,500.
-
"Save As Much As Rs 17,500": Finance Minister on New Tax Regime Slabs
Standard deduction in the new tax regime will be increased from Rs 50,000 to Rs 75,000, Finance Minister Nirmala Sitharaman said Tuesday as she announced the 2024 Union Budget.
-
Union Budget 2024: Angel Tax For All Classes Of Investors To Be Abolished
In a bid to bolster the Indian startup ecosystem, the Centre today announced the abolishment of angel tax for all classes of investors.
-
What Is The Difference Between New And Old Income Tax Slabs
Income Tax in India operates under a structured system of tax slabs. Your incomes are divided into specific ranges, each with corresponding tax rates.
-
How To Maximise Your Tax Savings With The New Tax Regime
The Indian tax system for FY 2024-2025 maintains existing income tax slabs, allowing taxpayers to choose between old and new regimes.
-
"No New Change In Tax Regime": Government Explains What Changes From Today
In a detailed note, the ministry explained that the new tax regime has low rates but fewer exemptions and deductions.
-
Budget 2024 Highlights: In Nirmala Sitharaman's Budget, No Change In Tax Slabs
Finance Minister Nirmala Sitharaman today presented Union Budget 2024 in Parliament. This was an interim budget as it came just ahead of the Lok Sabha Elections. No changes were announced in the tax slabs in both old and new regime.
-
Concessional Tax, Rs 3 Crore TDS Limit In Tax Relief For Cooperative Sector
To promote the cooperative sector, the government on Wednesday announced a slew of measures, including a concessional tax of 15 per cent to promote new societies focusing on manufacturing and a higher limit of Rs 3 crore for TDS on cash withdrawal.
-
"Hum Do, Hamare Do...": Shatrughan Sinha's Jibe At New Income Tax Slab
Trinamool Congress (TMC) leader Shatrughan Sinha on Wednesday said that the Union Budget presented in the Parliament had a major focus on "Hum Do Humare Do" and had nothing special for the people belonging to the middle-class strata.
-
Union Budget 2023: New vs Old Tax Regime - See What Has Changed
Budget 2023: Finance Minister Nirmala Sitharaman has increased the rebate limit for individual taxpayers from Rs 5 lakh to Rs 7 lakh a year.
-
No Tax On Income Up To 7 Lakhs, Centre Says New Tax Regime "Attractive"
Nothing changes if you choose the Old Tax Regime, which has exemptions for investments; New regime is now the default scheme unless you opt for Old
-
Significant Changes In Income Tax Rules And Cash Deposit. Details Here
These significant changes in the income tax rules came into effect on July 1 this year
-
Here's Everything You Need To Know About Filing Income Tax Return
Individuals can choose to file their Income Tax Returns online to avoid the hassles of physical paperwork.
-
Income Tax Slabs Under New Regime, Last Date For Filing Returns. Read Details
The individual taxpayers need to file ITR for FY 2021-2022 by July 31.
-
GST Had Serious Birth Defects, Worsened Over Last 5 Years: P Chidambaram
The Congress on Friday demanded that the current Goods and Services Tax (GST) law should be scrapped and a new one with a single low slab be brought in its place, claiming the existing law has "serious birth defects".
