Income Tax Slab For Ay 2024-24

Income Tax Slab For Ay 2024-24. A new tax regime has been established by the insertion of section 115 bac in the income tax act, 1961 vide the finance act, 2020. In the union budget 2024, the finance minister announced significant changes to the new income tax regime.

In the new income tax regime, the tax rebate limit ( basic income tax exemption. A new tax regime has been established by the insertion of section 115 bac in the income tax act, 1961 vide the finance act, 2020.