Income Tax Slab Rates For Ay 2024-25 . Make new tax regime the default tax regime for the. Applying the applicable tax slab rates helps to obtain base tax liability.
The new tax regime was announced for individuals who were unable to claim the benefits of the deductions and tax exemptions available. The government of india levies additional charges on individual taxpayers (irrespective of age) whose annual income exceeds inr 50 lakh.
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