Tax Rates For Ay 2024-25

Tax Rates For Ay 2024-25. An individual has to choose between new and old tax regime to calculate their income tax liability, subject to certain conditions. This article summarizes income tax rates, surcharge, health & education cess, special rates, and rebate/relief applicable to various categories of persons viz.


Tax Rates For Ay 2024-25

However, opting for this regime disqualifies taxpayers from several deductions, including house rent allowance (hra), leave travel concession (ltc), and deductions under chapter via like section 80c and 80d. An individual has to choose between new and old tax regime to calculate their income tax liability, subject to certain conditions.

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