WebMar 1, 2024 · Tax Slabs for Individuals Under New Tax Regime for FY 2024-21: Here’s a table that will give you an idea about the applicable income tax rate in India as per the new personal tax regime and income tax slabs for 2024-21. Income Tax Slab. Tax Rate (subject to health and education cess of 4%) Up to Rs 2.5 lakh. NIL. WebUnion Budget 2015-16 and 2014-15 have not altered the rebate available under section 87A for FY 2015-16, 2014-15 or AY 2016-17, 2015-16 meaning thereby that effectively there will be no income tax payable up to the total income of Rs.270000/- for those having total income not exceeding Rs. 5.00 lacs. Read more about Rebate u/s 87A >>
EPFO fixes Interest Rate for 2024-23 @8.15% pa. » Sensys Blog.
Webe-Filing of Income Tax Return or Forms and other value added services & Intimation, Rectification, Refund and other Income Tax Processing Related Queries 1800 103 0025 (or) 1800 419 0025 +91-80-46122000 +91-80-61464700 08:00 hrs - 20:00 hrs (Monday to Friday) Tax Information Network - NSDL WebSection 87A – Income below Rs. 5 lakh is eligible for a tax rebate of up to Rs. 12,500. Section 80C – Rebate of up to Rs. 1.5 Lakh in any tax-saver fixed deposits, public provident funds, national savings certificate, unit-linked insurance plans, and equity-linked savings schemes on the interest income. unshackled brut
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WebMar 23, 2024 · The tax slab under new tax regime has been reduced from 6 to 5 and the basic exemption limit ha sbeen raised to Rs. 3 lakh from Rs. 2.5 lakh. These changes will be applicable from Assessment Year 2024-25. The income tax slab rates for the old regime are the same as previous years’ income tax slab rates. You can read more here. WebThe maximum tax rebate under Section 87A for a financial year is 100% up to Rs. 12,500. If your tax liability exceeds Rs. 12,500 for the FY, the Section 87A income tax rebate will not … WebMay 21, 2016 · As per Section 87A of Income Tax Act, 1961 Rebate of up to Rs.5000 is for resident individuals having total income of up to Rs. 5,00,000/-. [Total Income = Gross Total Income – Deductions] In your case, your total income is Rs.4.5L, therefore you are eligible … unshackled book