Income Tax Rates For Ay 2024-25. In the current financial year 2024, following the changes implemented in budget 2023, the maximum surcharge rate in the new tax regime for incomes over rs 5 crore has been reduced to 25% from the previous 37%, with this adjustment taking effect from april 1, 2023. The old income tax regime continues with existing tax exemptions and deductions.


Income Tax Rates For Ay 2024-25

3 lakh and reaching 30% for incomes above rs. Surcharge rates also apply, ranging from 10% to 25% based on income slabs.

Income Tax Rates For Ay 2024-25 Images References :

By