WebApr 12, 2024 · In her Union Budget speech for 2024-24, Finance Minister Nirmala Sitharaman announced that the Centre is making the new income tax regime as the default tax regime. However, she said... WebMany taxpayers are confused between the old and new tax regimes. The new tax regime was introduced in Union Budget 2024. So, now individual taxpayers get to choose …

10 FAQs About The New Income Tax Regime

WebFeb 22, 2024 · Whether the old tax vs the new tax regime is suitable for you will only be put to the test when you input your earnings in both the regimes to know the exact tax … WebApr 7, 2024 · The new income tax regime for FY 2024-24 and assessment year 2024-25 has lower income tax rates and also different income tax slabs as compared to the old … constraint\u0027s wr

New vs old income tax regime: Time to decide is now - watch …

WebFeb 2, 2024 · New Income Tax Regime Vs Old Regime: The government in the Budget 2024 has announced income tax relief for individual taxpayers, especially salaried individuals. The changes are related to the new tax regime only, while the old tax regime remains the same as now. Though the new tax regime will now become the default tax regime in 2024-24, … WebApr 6, 2024 · Besides the changes in tax slabs and rates, these are some other changes effective from FY 2024-24 for the revised new tax regime: -The new tax structure becomes the taxpayers' default option. They do, however, have the option of choosing the old tax structure. -Under the new tax structure, a standard deduction of Rs 50,000 has been … WebFeb 1, 2024 · Income Tax Slabs and Rates 2024 (Old Regime) There was no change in Tax Slab and Rates under the Old Regime Income Tax Slabs and Rates for AY 2024-24 (Old … constraintviolation getpropertypath