The new income tax slabs announced under the new tax regime are applicable for the incomes earned in the FY 2023-24, i.e., between April 1, 2023 and March 31, 2024.
For computing your exact amount of tax you have to consider 4 more points after this slab rates i.e. rebate u/s 87A, deductions, surcharge, health and education cess @ 4% on income tax liability
TDS on salary, governed by Section 192 of the Income Tax Act, mandates employers to withhold taxes from the salary
In India, individuals can leverage a range of deductions and allowances to optimize their tax liabilities and retain more of their hard-earned money. Being well-versed with these provisions is essential for effective tax planning.
In a recent case involving two brothers, the GST (Goods and Services Tax) department conducted a search, also known as
Let suppose these are the allowances and salary mentioned in your annually salary slip. By Old Regime Your total annual
