WebCalculate the tax on your income through our online income tax calculator. Also check tax slabs, tax regimes, and how to calculate tax with examples. ... Above 10 lakh: 3,90,000: 30%: 1,17,000: Total Tax (A) 2,29,500: Health and education cess (B) (4% of A) 9,180: Total tax liability after 4% cess (A+B) WebApr 10, 2024 · 3) If you have just 80C deduction of Rs 1.5 lakh then new tax regime might be better as back-of-the-envelope calculations show that for an individual who just avail a deduction of Rs 1.5 lakh ...
Latest Income Tax Slab and Rates - FY 2024-24 AY 2024-25
WebMar 23, 2024 · Income tax slabs change every year! Know the current slabs to calculate your tax payable. ... Also, the highest tax rate of 30% will be levied above Rs 15 lakh income. In … Web1 day ago · 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 tax and the highest tax rate of 30% applicable on income above Rs. 15 lakhs. 2.2 The new tax regime has the benefit of the standard deduction and there is a full rebate provided to ... incident investigation nhs
Earn between Rs 10-15 lakh? These are your new income tax rates
WebFeb 1, 2024 · Income Tax Slab - Get information about Income tax slab and what amount you need to pay current tax rates & brackets for FY 2024-23 & AY 2024-24. ... Rs.12,50,001 – Rs 15 lakh: 30%: 4% of Income Tax: Above Rs 15,00,000: 30%: 4% of Income Tax: New Tax Regime For the financial year 2024-24, the income tax slab rates are as follows: Web8 rows · Dec 15, 2024 · INR 12.5 lakh – INR 15 lakh. 30% + Rs 1,12,500. 25% + Rs.1,25,000. INR 15 lakh and above. ... WebApr 13, 2024 · If you belong to the above 50 lakh tax slab, ... Net Taxable Income: 42,47,600: Tax on the above income: 10,86,780: Rebate u/s 87A: NA: Total Tax: 10,86,780 + 4% cess: Moreover, eligible individuals can also claim these deductions: Interest on home loan deduction u/s 24b (2,00,000) incident investigation written program