Tax Bracket 2024-25 . Standard deduction for employees opting for new tax regime has increased from ₹50,000 to ₹75,000. The general slab rates applicable in the case of an individual or huf are 5%, 20%, and 30%.
Income tax calculator is a useful tool to determine tax liability with respect to income tax slabs and deductions available. The government of india levies additional charges on individual taxpayers (irrespective of age) whose annual income exceeds inr 50 lakh.
Tax Bracket 2024-25 Images References :
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