Complete Tax Solution: Latest Tax News India, Tax Notification
网页2024年8月26日 · Latest Tax News & Updates. The website www.taxguru.in is dedicated to providing free updates to professionals in the field of finance and accounting, including Chartered Accountants, Company Secretaries, Tax Professionals, Cost Accountants, and other accounting professionals.
Income Tax Rates for FY 2023-24 (AY 2024-25) - Tax Guru
网页2023年2月7日 · This article summarizes Income Tax Rates, Surcharge, Health & Education Cess, Special rates, and rebate/relief applicable to various categories of Persons viz. Individuals (Resident & Non Resident), HUF, Firms/LLP, Companies, Co-operative Society, Local Authority, AOP, BOI, artificial juridical persons for income liable to tax in the Financial Year 2023-24 (Assessment Year 2024-25) as proposed ...
Exemptions & Deduction under New Tax Regime for FY 2023-24 …
网页2024年4月16日 · 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, their employer will deduct tax (TDS) according to the default new tax regime. Salaried taxpayers have the flexibility to switch between the new and regular tax regimes from one ...
Income Tax Rates For FY 2022-23 & 2023-24 i.e. AY 2023-24
网页2023年9月9日 · 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 increased by a surcharge at the rate of 12% of such tax, where total income exceeds one crore rupees. However, the surcharge shall be subject to marginal relief (where income exceeds one crore ...
Income Tax Rates for FY 2021-22 (AY 2022-23) & FY 2022-23
网页2022年2月4日 · Income Tax Rates of Partnership Firm & LLP for FY 2021-22 & FY 2022-23. Partnership firm (including LLP) is taxable at 30%. Surcharge : The amount of income-tax shall be increased by a surcharge at the rate of 12% of such tax, where total income exceeds one crore rupees. However, the surcharge shall be subject to …
New vs Old Regime Income Tax Calculator for FY 2024-25/AY …
网页2024年4月7日 · This Income Tax Calculator aims to simplify the comparison between the new and old income tax regimes for FY 2024-25/AY 2025-26. By breaking down key components and providing an easy-to-use calculator, employees can make informed decisions regarding their tax planning. Income from salary is the sum of Basic salary + HRA + Special Allowance ...
Understanding and Calculating Income Tax on Your Salary - Tax …
网页2023年10月31日 · 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 FY 2023-24, optional tax regime, and special considerations for senior citizens. Our comprehensive guide empowers you to optimize your financial well-being and navigate the complexities of income taxation with confidence.
FAQs on New vs. Old Tax Regime (AY 2024-25) - Tax Guru
网页2024年7月5日 · FAQs on New vs. Old Tax Regime (AY 2024-25) 1. Overview. The Finance Act 2023 has amended the provisions of Section 115BAC w.e.f AY 2024-25 to make new tax regime the default tax regime for the assessees being Individual, HUF, AOP (not being cooperative societies), BOI or Artificial Juridical Person. …
F.Y. 2023-24; A.Y. 2024-25 – Default New Tax Regime - Tax Guru
网页2024年1月11日 · This means, that the surcharge change is applicable to only those having an income of more than Rs. 5 crores. Income upto Rs. 7 lakhs will be tax-free from F.Y. 2023-24: In Budget 2023, rebate under new regime has been increased to Rs. 7,00,000. Therefore, income upto Rs. 7,00,000 will be tax-free from FY 2023-24 (AY 2024-25).
Deductions Allowed under Old and New Tax Regime with Latest …
网页2024年3月31日 · 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 been made available under the New Tax Regime. Now, under the New Tax Regime, taxpayer can enjoy a tax-free income of Rs. 7,50,000 (i.e. after applying standard deduction and tax rebate).