Categories: Income tax Return

INCOME TAX SLAB FY 2023-24 (AY 2024-25) for INDIVIDUAL

INCOME TAX SLAB FY 2023-24 (Assessment Year 2024-25) for INDIVIDUAL

Tax Department given key services within specified timelines mentioned below :

Income tax slab rates for FY 2024-25 (AY 2025-26)

The income tax slab rates for FY 2024-25 (AY 2025-26) as per the provided chart are:

New Tax Regime Slabs

  • INR 0 – INR 3,00,000: 0% tax
  • INR 3,00,001 – INR 7,00,000: 5% tax (Tax rebate under Section 87A applicable up to ₹7 lakh, resulting in zero tax liability)
  • INR 7,00,001 – INR 10,00,000: 10% tax
  • INR 10,00,001 – INR 12,00,000: 15% tax
  • INR 12,00,001 – INR 15,00,000: 20% tax
  • Above INR 15,00,000: 30% tax

This slab structure reflects the new tax regime, encouraging taxpayers with reduced tax rates and the benefit of a rebate for incomes up to INR 7 lakh.

Rajput Jain & Associates

Rajput Jain & Associates is a Chartered Accountants firm, with it's headquarter situated at New Delhi (the capital of India). The firm has been set up by a group of young, enthusiastic, highly skilled and motivated professionals who have taken experience from top consulting firms and are extensively experienced in their chosen fields has providing a wide array of Accounting, Auditing, Taxation, Assurance and Business advisory services to various clients and their stakeholders. Rajput jain & Associates, a professional firm, offers its clients a full range of services, To serve better and to bring bucket of services under one roof, the firm has merged with it various Chartered Accountancy firms pioneer in diversified fields. We have associates all over India in big cities. All our offices are well equipped with latest technological support with updated reference materials. We have a large team of professionals other than our Core Team members to meet the requirements of our prospective clients including the existing ones. However, considering our commitment towards high quality services to our clients, our team keeps on growing with more and more associates having strong professional background with good exposure in the related areas of responsibility.

Recent Posts

Why OIDAR is treated differently under GST

Why OIDAR is treated differently under GST Online Information Database Access and Retrieval (OIDAR) refers to services delivered over the… Read More

3 hours ago

Smart Term Insurance Picks for the Self-Employed

Smart Term Insurance Picks for the Self-Employed Being self-employed is like walking a tightrope; you enjoy the thrill of independence,… Read More

2 days ago

2500 Cr Loss Risk from Compensation Cess Credits in GST 2.0

FADA : Rs. 2,500 Cr Loss Risk from Compensation Cess Credits in GST 2.0 Transition The Federation of Automobile Dealers… Read More

4 days ago

Complete Guide to CA Articleship

Complete Guide to CA Articleship (2024-25) CA Articleship is the most important phase after clearing CA Intermediate. This training bridges… Read More

6 days ago

Statutory Compliance Calendar – September 2025

Statutory Compliance Calendar – September 2025 5th September : SEZ: MPR filing. 7th September FEMA: ECB 2 Return. Income Tax: TDS/TCS… Read More

6 days ago

Crypto Futures & Options in India: How to Report in ITR?

Crypto F&O in India: Must Know About - How to Report in ITR? As Indian investors dive into crypto derivatives,… Read More

7 days ago
Call Us Enquire Now