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

SC Protect CA: Issue 15CB Certificate Isn’t Money Laundering

Supreme Court Ruling protecting practicing CA's on issuing form 15cb is not money laundering under PMLA The Supreme Court has… Read More

19 hours ago

Corporate Guarantee under Rule 28(2) When 2 Fictions Collide

Corporate Guarantees under GST (Rule 28(2)) : When 2 Fictions Collide The Madurai Bench of the Madras High Court (Order… Read More

4 days ago

All about the Peer Review (PR) Process

All about the Peer Review (PR) Process Preliminary Preparation : Download the complete UDIN list of all attest/signing assignments done… Read More

7 days ago

Widening the Scope of AQMM (v2.0) Key Announcement

Widening the Scope of AQMM (v2.0) Key Announcement Earlier, AQMM was mandatory only for audit firms auditing Listed entities; Banks… Read More

7 days ago

Overview of the appointment and tenure of an IRP under IBC

Appointment and Role of the Interim Resolution Professional under the IBC Code, 2016 Introduction The world of business can be… Read More

7 days ago

Overview on Payments to Project Offices of Foreign Companies in India

Payments to Project Office (PO) of a Foreign Company in India Treatment of Payments to Project Offices of Foreign Companies… Read More

1 week ago
Call Us Enquire Now