WebFeb 1, 2024 · If the person opts for the 2024 revised version of the new tax regime (C), which is applicable from 2024-24 onwards, their taxable income will be Rs 9.5 lakh (Rs 10,00,000-50,000 standard deduction). It must be noted they cannot avail of any other deductions like Rs 4 lakh assumed in the old regime. WebWe would like to show you a description here but the site won’t allow us.
Calculate Your Income Tax Above 15 Lakh for FY 2024-23
WebApr 11, 2024 · 1 min read . Updated: 11 Apr 2024, 01:35 PM IST Saurav Anand. Prime Minister Narendra Modi. (File Photo: PTI) The programme is part of the ‘Rozgar Mela’ drive, under which 10 lakh people are ... WebJul 6, 2024 · Total Deductions = Professional tax + EPF (Employee Contribution) + EPF (Employer Contribution) + Employee Insurance. Total Deductions = Rs 2,400 + Rs 21,600 + … chsw truro shop
Income Tax Slab For FY 2024-24 – Forbes Advisor INDIA
WebExample of Calculation of In-Hand Salary From CTC. Let us Assume Mr X is offered a CTC of Rs. 9 Lakhs per year. The breakup of the CTC components has been given as follows -. Basic Pay = Rs. 4,50,000. House Rent Allowance (HRA) = Basic Pay x 30%. = 4,50,000 x 30% = Rs. 1,35,000. Special Allowances = Rs. 2,46,000. WebMar 1, 2024 · According to the new tax regime, a tax rebate of up to 3 lakhs is applicable. Beyond this limit, you are liable to pay income tax according to your salary slab. The tax rate for a salaried individual (under 60 years) as per old regime is as follows:- The tax rates for FY 2024-24, as per the new tax regime is, as follows:- WebApr 10, 2024 · The Income Tax Return filing process for freelance professionals in India is slightly different from that of salaried individuals. ... with total income during the relevant financial year which is more than the basic exemption limit i.e. INR 2.5 lakhs for FY 2024-23 have an obligation to file tax returns. ... Tue, Apr 11, 2024 10:01 pm . New ... chsw virtual tours