Tax Relief For 2024

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Tax Relief For 2024. Highlights include revised tax slabs, increased deductions, and simplified taxation. Budget may provide relief on income tax front.


Tax Relief For 2024

This article summarizes income tax rates, surcharge, health & education cess, special rates, and rebate/relief applicable to various categories of persons viz. As per the old regime, income tax exemption limit is applicable on income up to โ‚น 2.5 lakh for individuals while under the new regime, exemption limit is on income up to โ‚น 3 lakh.

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