Tax Saving

New income tax slab rates for FY 2023-24 (AY 2024-25) in India

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

What is TDS ?

TDS on salary, governed by Section 192 of the Income Tax Act, mandates employers to withhold taxes from the salary

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