Tax Brackets 2024 India Old Regime. For age up to 60 years, you are treated as non senior citizen of india. Know the current slabs to calculate your tax payable.
Here are the six income tax rules that will apply from april 1, 2024: The purpose of this article is to illustrate the distinctions between the two tax systems, the advantages of each, and the factors that should be taken into account.
The Slabs And Tax Treatment Vary In The New Tax Regime And The Old Tax Regime.
The choice between the new and old tax regimes depends on your eligible deductions and exemptions.
Under Section 115Bac Of The Income Tax Act, The New Tax Regime Offers Simplified Tax Brackets And Rates For Individuals, Hufs, Aops, Bois, And Ajps, Along With A Full Tax.
Income tax slabs change every year!
The New Tax Regime Is The Default Unless The Old Regime Is.
Images References :
Refer Examples &Amp; Tax Slabs For Easy Calculation.
Discover the tax rates for both the new tax regime and the old tax regime.
Here Are The Six Income Tax Rules That Will Apply From April 1, 2024:
The slabs and tax treatment vary in the new tax regime and the old tax regime.
For Age Up To 60 Years, You Are Treated As Non Senior Citizen Of India.