Tax Exemption For 2024. No changes from april 1, 2024: What benefits are not available under new tax regime for senior citizens?
Currently, new tax regime has basic exemption limit of rs 3 lakh. Introduction of the new tax regime :
The Interim Budget, Which Will Be Presented On February 1, May Bring In New Measures For Taxpayers, Which Will Include An Extension Of The Tax Exemption Rates Close.
Here are the income tax slabs under new.
Income From 3 Lakh And 6 Lakh Will Be Taxed At 5%, 6 Lakh To 9 Lakh Will Be Taxed At 10%, 9 Lakh To 12 Lakh Will Be Taxed At 15%,12.
The income tax department has uncovered a scheme involving fraudulent use of permanent account numbers (pan) by individuals to falsely claim house rent.
Standard Deduction And Personal Exemption.
Images References :
The Tax Slabs Will Be As Follows:
The amt exemption amount for tax year 2024 for single filers is $85,700 and begins to phase out at $609,350 (in 2023, the exemption amount for single filers was.
The New Financial Years Starts From April 1.
Deduction is limited to whole of the amount paid or deposited subject to a maximum of rs.