The highest slab rate of 30% applies on income exceeding rs. A new tax regime has been established by the insertion of section 115 bac in the income tax act, 1961 vide the finance act, 2020.
Discover the tax rates for both the new tax regime and the. Refer examples & tax slabs for easy calculation.
Discover The Tax Rates For Both The New Tax Regime And The.
The general slab rates applicable in the case of an individual or huf are 5%, 20%, and 30%.
In The New Income Tax Regime, The Tax Rebate Limit (Basic.
Make informed decisions for maximum savings.
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Make Informed Decisions For Maximum Savings.
Surcharge is levied on the amount of income tax at following rates if total income exceeds specified limits:
Section 194P Of The Income Tax Act, 1961 Provides Conditions.