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Wednesday 1 February 2023

Income Tax Slabs FY 2023-24 AY 2024-25

Income Tax Slabs FY 2023-24 AY 2024-25 by IT Department Income Tax IT Rates Financial Year 2023-2024 Assessment Year 2023-24 Income Tax Act Slabs for salaried Employees Income Tax slabs Benefits in the Union Budget 2023-24


The FM in her speech announced a rebate in n income tax limit to 7 lakh in new tax regime. She also reduced the number of slabs to 5, which will be: GSR INFO - www.gsrmaths.in

  • 0-3 lakh- nil
  • 3-6 lakh -5%
  • 6-9 lakh - 10%
  • 9-12 lakh-15%
  • 12-15 lakh -20%
  • Above 15 lakh - 30%

Rebate u/s 87A limit increased from 5 lacs to 7 lacs in the new tax regime

Income Tax Slabs FY 2023-24 AY 2024-25

Highest Surcharge Rate reduced from 37% to 25% in new tax regime.

For big earners, the highest effective tax rate has been reduced from 42.7 percent to 39%. 


ఆదాయపన్à°¨ు పరిà°®ిà°¤ి à°°ూ.7లక్షలకు à°ªెంà°ªు:

ఉద్à°¯ోà°—ులకు à°Šà°°à°Ÿà°¨ిà°¸్à°¤ూ à°•ేంà°¦్à°° ఆర్à°¥ిà°• à°®ంà°¤్à°°ి à°¨ిà°°్మలా à°¸ీà°¤ాà°°ామన్ బడ్à°œెà°Ÿ్ à°•ీలక à°ª్à°°à°•à°Ÿà°¨ à°šేà°¶ాà°°ు. à°ª్à°°à°¸్à°¤ుà°¤ం ఉన్à°¨ à°°ూ. 5లక్à°·à°² ఆదాయపు పన్à°¨ు పరిà°®ిà°¤ిà°¨ి à°°ూ.7లక్షలకు à°ªెంà°šుà°¤ుà°¨్నట్à°²ు à°ª్à°°à°•à°Ÿింà°šాà°°ు. à°…à°¯ిà°¤ే, ఇది à°•ొà°¤్à°¤ ఆదాయపు పన్à°¨ు à°µిà°§ాà°¨ాà°¨్à°¨ి à°Žంà°šుà°•ుà°¨్నవాà°°ిà°•ి à°®ాà°¤్à°°à°®ే వర్à°¤ిà°¸్à°¤ుంà°¦ి.

  • à°°ూ. 9లక్à°·à°² à°¨ుంà°šి à°°ూ.12లక్à°·à°² వరకూ 15à°¶ాà°¤ం
  • à°°ూ. 12లక్à°·à°² à°¨ుంà°šి à°°ూ.15 లక్à°·à°² వరకూ 20à°¶ాà°¤ం à°ªà°¨్à°¨ు
  • à°°ూ.15. లక్షలకు à°ªైబడిà°¨ à°µాà°°ిà°•ి 30à°¶ాà°¤ం పన్à°¨ు వర్à°¤ిà°¸్à°¤ుంà°¦ి.

FM Sitharaman proposes to increase income tax rebate limit from Rs 5 lakh to Rs 7 lakh in new tax regime

Govt to enhance grievance redressal mechanism for direct tax payers

An individual with annual income of Rs 9 lakh will have to pay only Rs 45,000

No tax for income up to Rs 3 lakh; 5 percent tax on Rs 3-6 lakh; highest tax rate of 30 percent on income above Rs 15 lakh under new tax regime.

An individual with income of Rs 15 lakh will have to pay Rs 1.5 lakh tax, down from Rs 1.87 lakh under new tax structure

Govt to provide higher limit of Rs 2 lakh per member for cash deposit and loans by Primary Agricultural Credit Societies.

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