WebApr 10, 2024 · Existing tax slabs. 1) income up to rs 2.5 is exempt from taxation under both regimes. 2) income between rs 2.5 to rs 5 lakh is taxed at the rate of 5 per cent under the old as well as the new tax regime. 3) personal income from rs 5 lakh to rs 7.5 lakh is taxed at a rate of 15 per cent under the old regime. WebApr 11, 2024 · The income tax department has notified the cost inflation index (CII) number for the current financial year. The CII number is used to arrive at the inflation-adjusted price of an asset. The capital gains that are chargeable to income tax are lowered using the indexation benefit.
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WebDec 11, 2024 · In the Union Budget 2024-20, a new surcharge on income tax for super-rich individuals has been levied. So, individuals earning: Between Rs.2 crores and up to Rs.5 … WebApr 10, 2024 · Income Tax Slabs India For Fy 2024 20 Ay 2024 21 Elphos Investments Following are the currently applicable income tax slabs and rates for ay 2024 24. … coldplay lullaby
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WebOct 28, 2024 · Income Tax Slab Rates for A.Y 2024-21 [F.Y. 2024-20] for Very Senior Citizen (Aged 80 years or more) Rebate under Section 87A Rs 12,500 or 100% of income tax (whichever is lower) for individuals with income below Rs 5 Lakhs 4. Income Tax Slab Rates for A.Y 2024-21 [F.Y. 2024-20] for Co-operative Society 5. WebApr 11, 2024 · List of Deductions and Exemptions under Old Tax Regime. Investments under Section 80C up to Rs 1.5 lakh (Public Provident Fund, Equity Linked Savings Scheme (ELSS), Employee Provident Fund, Life ... WebMar 1, 2024 · New Income Tax Slab For FY 2024-20 for People Below 60 years of Age: Income Tax Slab: Tax Rate: Up to Rs. 2,50,000: Nil: ... Income Tax Slabs and Tax … dr matthew zimny fax number