2024 Tax Rates And Deductions Available. Note that the standard deduction available for salaried under the old and new tax regime was earlier rs.50,000. Learn about the options available to taxpayers and make informed decisions to optimize tax efficiency.
Tax brackets and tax rates. Following these changes, salaried employees in the new tax regime could save up to โน17,500 in income tax annually.
The New Tax Regime Aims To Simplify Income Tax For Individual Taxpayers By Offering Lower Tax Rates In Exchange For Preceding Most Deductions And Exemptions Available Under The Old.
10%, 12%, 22%, 24%, 32%, 35% and 37% (there is also a zero rate).
Explore The Changes In The New Tax Regime And Rates After The Budget 2024 Announcements.
There are seven (7) tax rates in 2024.
2024 Tax Rates And Deductions Available Images References :
As A Result, Many Taxpayers Chose Not To Use The New Tax Structure.
Check out the latest income tax slab for salaried, individuals and senior citizens by the it department.
Total Income ( Rs.) 1.
Know all the changes announced in the new tax regime from income tax slabs to standard deduction limit in budget 2024.