Complete Tax Solution: Latest Tax News India, Tax Notification
WEBAug 26, 2024 · Windfall tax on crude petroleum reduced to Rs. Nil per tonne wef 18.09.2024. Excise Duty : The Ministry of Finance reduces the excise duty to nil per …
Income Tax Rates For FY 2022-23 & 2023-24 i.e. AY 2023-24
WEBSep 9, 2023 · For the Assessment Years 2023-24 & 2024-25, a partnership firm (including LLP) is taxable at 30%. Add: (a) Surcharge : The amount of income-tax shall be …
New Slabs of Income Tax For Assessment Year 2024-25 And 2025 …
WEB11 hours ago · Starting from AY 2025-26, further relief is provided, including an increase in the standard deduction to ₹75,000 for salaried individuals and ₹25,000 for family …
Income Tax Rates for FY 2021-22 (AY 2022-23) & FY 2022-23
See more on taxguru.inThe Finance Act, 2020, has provided an option to Individuals and HUF for payment of taxes at the following reduced rates from Assessment Year 2021-22 and onwards: Note 1: Surcharge and Health & Education Cess as well as Rebate u/s.87A: Same as Rates applicable to Individuals given above Note 2: The optio…Budget 2024-25: Changes under Income Tax Law | Tax Guru
WEBJul 24, 2024 · The Union Budget 2024-25 has introduced significant amendments to the Income-tax Act, 1961, aiming to streamline tax processes, provide relief to taxpayers, …
Exemptions & Deduction under New Tax Regime for FY 2023-24 …
WEBApr 16, 2024 · The deadline for filing taxes for FY 2023-24 (AY 2024-25) is July 31, 2024, unless there is an extension. If an employee does not opt for the old tax regime initially, …
Income Tax Rates for FY 2020-21 & FY 2021-22 | Tax Guru
WEBFeb 12, 2021 · Note 1: Surcharge and Health & Education Cess as well as Rebate u/s.87A: Same as Rates applicable to Individuals given above Note 2: The option to pay tax at …
Deductions Allowed under Old and New Tax Regime with Latest …
WEBMar 31, 2024 · 1.Standard Deduction and Family Pension Deduction: Earlier the Standard Deduction of Rs. 50,000 was available under the Old Tax Regime but now the same has …
Understanding and Calculating Income Tax on Your Salary | Tax Guru
WEBOct 31, 2023 · Master the intricacies of calculating income tax on your salary in India. Navigate through salary structure taxability, deductions, tax slabs for FY 2022-23 and …
New Income Tax Regime – Salaried Employees | Tax Guru
WEBApr 14, 2023 · 2.1 The new tax regime has rationalized the scope of taxation with five tax slab rates ranging from 0% to 30% with the basic exemption till Rs. 3 lakhs exempt from …
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