Income Tax Slab Rate For Fy 2024-24. No taxes for income up. 10% of income tax if total income > rs.50 lakh.
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. 15% of income tax if total income exceeds ₹1 crore but does not exceed ₹2 crore.
Updated On 28 Feb, 2024.
The new tax slab would be the default tax slab.
25% Of Income Tax If Total Income Exceeds ₹2 Crore But Does Not Exceed ₹5 Crore.
15% of income tax if total income exceeds ₹1 crore but does not exceed ₹2 crore.
Income Tax Slab Rate For Fy 2024-24 Images References :
10% Of Income Tax If Total Income ≫ Rs.50 Lakh.
In this calculator field, enter your total 2023 household income before taxes.
Income Tax Budget 2024 Live Updates:
In india, income tax is calculated using income tax slabs and rates for the applicable financial year (fy) and assessment year (ay).