Witryna9 lut 2024 · Standard deduction has been increased to Rs 52,500 in new tax regime; ... While India has already emerged as a bright spot for investors from around the world, simplified tax regime and reduction in TDS on income from mutual funds by NRIs make it a more attractive investment destination and the right opportunity for investors. Witryna6 kwi 2024 · Updated: 06 Apr 2024, 06:30 AM IST Livemint. The Central Board of Direct Taxes (CBDT) on Wednesday issued a clarification about Tax Deducted at Source (TDS) deduction by employers in the current ...
income tax regime: New vs old income tax regime: Why you need …
Witryna13 kwi 2024 · The government introduced a new system of taxation in the Union Budget 2024, under which from FY 2024-21 people could avail lower taxation rates if they let … Witryna21 kwi 2024 · The Central Board of Direct Taxes (CBDT), via a circular dated April 13, 2024 clarified that employers will have to deduct TDS from salary for FY2024-21 as … carbohydrates reactions
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Witryna17 godz. temu · The government has made some changes to the income tax rules to encourage more people to opt for the new tax regime. Here are the key changes: New income tax slabs: The number of income tax slabs has been reduced from six to five. This means that the income tax rates have been simplified under the new tax … Witryna9 lut 2024 · 15%. Rs.12,00,000 – Rs.15,00,000. 20%. Above Rs. 15,00,000. 30%. While the new regime offers lower income tax rates, the following conditions should be met in order to be eligible for payment of income tax as per the new (concessional) income tax slab rates: The total income of the individual or HUF should not include business income. WitrynaThe above mentioned new tax regime is the default tax regime applicable to all persons mentioned above. However, under sub-section (6) of section 115BAC of the Act, a ... carbohydrates recommended daily intake uk