The Union Government introduced a new tax regime pursuant to Section 115BAC in the 2020 Budget with concessional tax rates. In the Finance Budget 2023 income tax regime U/s 115 BAC, the government has introduced the Below given main changes for the financial year (F.Y) 2023-24: Income tax slabs for the A.Y.2024-25 Up to Rs. 3 lakhs NIL Rs. 3 lakhs- Rs. 6 lakhs 5% of. Rs. . 6 lakhs- Rs. 9 lakhs 10% Rs. . 9 lakhs- Rs. 12 lakhs 15%. Rs. 12 lakhs- Rs. 15 lakhs 20%. Rs. . 15 lakhs and…
Read MoreDeductions in the New Tax Regime of the Budget 2023-24| With Auto Calculate Income Tax Preparation Software in Excel for the Government and Private Employees for the F.Y.2023-24 and A.Y.2024-25
