Exemptions Under New Tax Regime 2024-24. Will there be changes in new, old income tax regime? As per the union budget 2023, a few key changes have been introduced under the new tax regime.
The basic exemption limit has been hiked to rs 3 lakh from rs 2.5 currently under the new income tax regime in budget 2023. 3 lacs, reduced surcharge rate from 37% to 25% for income exceeding rs.
The Latest Budget For 2023 Has Introduced Some Significant Changes To The Income Tax Slabs In The New Tax Regime, Aimed At Making It More Appealing To Individual.
As per the union budget 2023, a few key changes have been introduced under the new tax regime.
The Basic Exemption Limit Under The New Tax Regime Was Increased From 2.5 Lakhs To 3 Lakhs.
Basic exemption limit increased from rs.
The Basic Exemption Limit Has Been Hiked To Rs 3 Lakh From Rs 2.5 Currently Under The New Income Tax Regime In Budget 2023.
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Understand The Impact Of The New.
The new tax regime will become the default tax regime from this f.y.;.
From Rs 2,50,001 To Rs.
Basic exemption limit for nris is of rs 2.5 lakh irrespective of age.
