New Tax Slabs 2023-24 & Deductions Allowed
New Tax Slabs 2023-24.. Deductions allowed in new tax regime are standard deduction, NPS contribution from employer, Home loan interest amount (section 24)
New Tax Slabs 2023-24.. Deductions allowed in new tax regime are standard deduction, NPS contribution from employer, Home loan interest amount (section 24)
How to File ITR for Salary Person.. You can file ITR (Income Tax Return) online in India by yourself without help of CA for FY 2022-23 before 31st July 2023
Income Tax Calculator FY 2023-24.. No income tax on income up to Rs. .7.5 Lakh with New Tax Regime. Use this tax calculator 2023-24 to know your income tax..
Section 80EEB of Income Tax Act helps you to claim Electric vehicle loan interest amount up to Rs. 1.5 Lakh in a financial year: 2 and 4 wheeler EVs..
Income Tax Calculation 2023-24. When income is 11 Lakh, you pay zero income tax by using various deductions in old tax regime. For 7.5 Lakh new regime..
How to check pan aadhaar link status. 1.Visit Income Tax website 2.Click “Link Aadhaar Status” 3.Provide PAN & Aadhaar 4.Click “View Link Aadhaar Status”
No income tax upto 7.5 Lakh in FY 2023-24. standard deduction of Rs. 50,000 and Tax Rebate of Rs. 25,000 makes your income tax as Zero..
Old vs New Tax Regime.. If you claim maximum deductions in various sections, Old Tax Regime is better, else New Tax Regime is better to pay less income tax
How to Save Income Tax.. 1. Standard Deduction 2. Section 80C 3. Section 80D 4. HRA 5. Section 80CCD(1B) 6. Section 24. Zero Income Tax on 11 Lakh
Tax Rebate under Section 87A is Rs. 12,500 and Rs. 25,000 under old and new tax regime for taxable income Rs. 5 lakh and Rs. 7 lakh respectively..