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Income Tax - Highlights / Catch Notes

Home Highlights February 2023 Year 2023 This

RATES OF INCOME-TAX for the PY 2022-23 i.e. AY 2023-24 [As per ...

Income Tax

February 2, 2023

RATES OF INCOME-TAX for the PY 2022-23 i.e. AY 2023-24 [As per previous year Budget and comparison with Budget 2023 proposals] - Notes In the new tax regime increase the tax slab and omitted 25% rate of tax as well as reduce surcharge rate from 37% to 25% for new tax regime, and allowed deduction Standard Deduction , Family pension deduction , Contribution to Agniveer corpus Fund u/s 80CCH, Rebate u/s 87A now upto 25000/-, that means not tax liability upto total income 7 lakhs.

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