Tax Rates 2024-25. How much of your income falls within each tax band. Total income ( rs.) tax rate (%) upto rs.
Individuals with a net taxable income of up to rs 5 lakh qualify for a tax rebate under section 87a, resulting in zero tax liability. From 1 july 2024, the proposed tax cuts will:
Reduce The 32.5 Per Cent Tax Rate To 30 Per Cent.
How much of your income is above your personal allowance.
This Article Summarizes Income Tax Rates, Surcharge, Health &Amp; Education Cess, Special Rates, And Rebate/Relief Applicable To Various Categories Of Persons Viz.
From 1 july 2024, the proposed tax cuts will:
Tax Rates 2024-25 Images References :
Individuals With A Net Taxable Income Of Up To Rs 5 Lakh Qualify For A Tax Rebate Under Section 87A, Resulting In Zero Tax Liability.
Now for the new tax regime, it is enhanced to rs.75,000.
How Much Of Your Income Falls Within Each Tax Band.
Tax deduction at source (tds) is one of the important compliances of income tax.