Income Tax Slab For Fy 2024-24

Income Tax Slab For Fy 2024-24. Enter estimated investments to check income tax with old and new tax regime; The standard deduction for salaried employees is proposed to be increased from rs 50,000 to rs 75,000, said fm sitharaman

The general slab rates applicable in the case of an individual or huf are 5%, 20%, and 30%. The income tax slab changes announced in budget 2023 are effective for the financial year between april 1, 2023, and march 31, 2024, and are set to remain unchanged.