Income Tax Slab Rates For Ay 2024-25. The highest slab rate of 30% applies on income exceeding rs. This structure clearly shows how taxes are calculated at each income slab, ensuring a progressive tax rate that increases with higher income brackets.
These rates will apply starting from the financial year beginning on or after april 1, 2025. The general slab rates applicable in the case of an individual or huf are 5%, 20%, and 30%.
Check Out The Latest Income Tax Slabs And Rates As Per The New Tax Regime And Old Tax Regime.
Get the information about the old and new income tax slabs for individuals, senior citizens and super senior.
These Rates Will Apply Starting From The Financial Year Beginning On Or After April 1, 2025.
The standard deduction for salaried employees is proposed to be increased from rs 50,000 to rs 75,000, said fm sitharaman income.
Income Tax Slab Rates For Ay 2024-25 Images References :
Taxpayers Must Pay Income Tax.
These rates will apply starting from the financial year beginning on or after april 1, 2025.
Understanding Income Tax Can Sometimes Feel Overwhelming, But It Doesn't Have To Be.