1) income up to โน 2.5 is exempt from taxation under the old tax regime. Refer examples & tax slabs for easy calculation.
An individual has to choose between new and old tax regime to calculate their income tax liability, subject to certain conditions. Income tax budget 2024 live updates:
The Finance Act, 2020 Inserted A New Section 115Bac Which Provides For An Alternative Tax Regime For Individuals And Huf.
The above calculator is only to enable public to have a quick and an easy access to basic tax calculation and does not purport to give correct tax calculation in all.
Rs 6L To Rs 9L Rs 15,000 + 10% On Income.
The old tax regime and new tax.
Images References :
The Number Of Tax Slabs Under The New Tax Regime Has.
1) income up to โน 2.5 is exempt from taxation under the old tax regime.