Tax Slab For Ay 2024-25 Old Regime. The basic exemption limit depends on the age of an individual and status of an individual under the old tax regime. There are two types of tax regime new tax regime & old tax regime.
Discover the tax rates for both the new tax regime and the old tax regime. The old tax regime with exemptions and deductions, and the new tax regime with reduced tax rates but without exemptions.
Further, The Slab Rates Under The Old Tax Regime Are Divided Into Three Categories.
Changes in the tax slabs in both the old and new regimes.
By Providing Inputs With Respect To Income(S) Earned And Deductions Claimed As Per The Act.
> personal income from rs 5 lakh to rs 10 lakh is taxed at a rate of 20% in the old regime
Tax Slab For Ay 2024-25 Old Regime Images References :
Income Tax Slabs 2024 Home Loan Deduction Limit Itr Filing 2024 Income Tax Slab Rates.
> income between rs 2.5 lakh to rs 5 lakh is taxed at the rate of 5% under the old tax regime.
Changes In New Tax Regime.
The new tax slabs under the new income tax regime will be effective from april 1, 2024.