New Regime Tax Slab 2024-24

New Regime Tax Slab 2024-24. The new tax regime slab was introduced in budget 2020, effective april 1, 2020. The new regime offers lower tax rates for higher incomes than the old tax regime.


New Regime Tax Slab 2024-24

The finance act, 2020 inserted a new section 115bac which provides for an alternative tax regime for individuals and huf. The new tax regime has lower tax rates as compared with the old tax regime.

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