Standard Deduction For Ay 2024-24. A deduction of up to rs 40,000 can be claimed against an income source. The highest slab rate of 30% applies on income exceeding rs.
In budget 2023, rebate under new regime has been increased to rs. Further, salaried employees are entitled to a.
Further, Salaried Employees Are Entitled To A.
Income tax in budget 2024:
2) Tax Rebate Under Section 87A Increased From Rs 5 Lakh To Rs 7 Lakh.
The finance act, 2020 inserted a new.
For Single Taxpayers And Married Individuals Filing Separately, The Standard Deduction Will Rise To $14,600 For 2024, An Increase Of $750 From 2023;
Images References :
In The Union Budget 2023, The New Tax Regime’s Maximum Exemption Limit And Tax Brackets Have Been Revised.
If you have another income stream other than your salary, add it to the total amount.
In Budget 2023, Rebate Under New Regime Has Been Increased To Rs.
Learn about the options available to taxpayers and make informed decisions to optimize tax efficiency.