Default Tax Regime and Flexibility: Understanding the New Income Tax Framework Effective April 1, 2024
Augmented Basic Exemption Limit: Enhancing Understanding of Updated Income Tax Thresholds as of April 1, 2024.
Enhanced Rebate Under Section 87A: A Breakdown of Increased Tax Benefits Effective April 1, 2024
Complete Rebate for Taxpayers: Taxpayers with income up to ₹7 lakh will enjoy a complete rebate, reducing their taxable income to zero
Surcharge Rate Reduction: High-income earners witness a reduction in surcharge rate, plummeting from 37% to 25% for individuals with income surpassing ₹5 crore.