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)
Old vs New Tax Regime Slab Rates FY 2023-24.. No income tax on income up to Rs. 7 Lakh with tax rebate in New Tax Regime. Old Tax regime remains same..
Facts about Income Tax Calculation.. From selecting between Old Tax Regime or New Tax Regime, Tax Rebate in Section 87A to Cess of 4%..
How to calculate income tax india.. For income of Rs 8 Lacs, income tax will be Rs. 65,000 – Old Tax Regime and Rs. 46,800 – new tax regime using calculator
Income Tax Calculation 2022-23.. For example if your income is Rs. 8 Lacs in FY 2022-23, so Income Tax based on Old Tax Regime = Rs. 75,400 and New Tax Regime = Rs. 46,800..