Income Tax Brackets India 2024-25 – Should you Pay Income Tax?
Income Tax Brackets India are divided based on age groups and between Old & New Tax Regime. Assess your Income and Investments to select between tax regimes
Income Tax Brackets India are divided based on age groups and between Old & New Tax Regime. Assess your Income and Investments to select between tax regimes
How to file ITR Online in India.. Watch this video to know all steps to file Income Tax Return (ITR) online without CA. You can file ITR by yourself..
How to save tax? By using tax saving tips – Standard Deduction (Rs. 50,000), HRA, Section 80C (Rs. 1.5 Lakhs), 80D (Rs. 50,000), 80CCD(1B) (Rs. 50,000)..
Important Deductions Allowed for Tax Payers include Section 80C (Rs. 1.5 Lacs), Section 80CCD(1B) (Rs. 50,000), HRA, Section 24 (Rs. 2 Lacs).
Facts about Income Tax Calculation.. From selecting between Old Tax Regime or New Tax Regime, Tax Rebate in Section 87A to Cess of 4%..
Standard Deduction limit is Rs. 50,000 for 2023-24. Example: Gross income = Rs. 6,00,000, Std Deduction = Rs. 50,000, Taxable Income = Rs. 5,50,000..
Income Tax Slabs for FY 2022-23 for Old & New Tax Regime.. Here’s the table for Old and New Tax Regime Slabs in India for FY 2022-23, AY 2023-24
Income Tax Benefits for Senior Citizens & Deductions.. Difference in Tax Slabs, Standard Deduction, Section 80TTB, Form 15H, Section 80DDB..
New Tax Regime Slabs.. If your income is above Rs. 15 Lakhs, choose New Tax Regime, else choose Old Tax Regime with deductions to pay less Income Tax.
Here’s the Section 80C Deductions List to save income tax. Section 80C provides maximum of Rs. 1.5 Lacs as deductions to save income tax with Old Tax Regime