New Tax Laws 2024 Jan 20. Choosing between old and new income tax regimes. # the new tax regime under section 115bac (1a) was introduced in the finance act 2023, as compared to the existing old regime (without exemptions)
As three new laws kick in, ‘420’ makes a silent exit. Higher deduction under sec 80c.
For Tds (Tax Deducted At Source) On Salary, Employees Must Select.
Income tax rates and tax slabs under the finance act 2023 have been reduced to five from six to make the new tax regime more lucrative.
Addressing Speculation, A Government Official Has Dismissed Reports Of Potential Tax Cuts For Incomes Up To ₹15 Lakh In Budget 2024, Citing Significant Revenue Implications.
The simplified regime allows a standard deduction of rs 50,000 per annum.
New Tax Laws 2024 Jan 20 Images References :
Regarding The New Income Tax Regime, Gupta Proposes Revising The Tax Rate For Individuals Earning Between ₹ 15 Lakh And ₹ 20 Lakh.
When can i file my 2023 tax return?
Tax Law Changes And Your Guide To Filing Taxes In 2024.
Introduction of updated income tax returns, a new form 26as and prefilling of tax returns have made filing of tax returns simpler and easier.