New Regime Tax Slab 2024-24. With the implementation of the new tax regime, there arises a crucial need to comprehend the nuances of deductions allowable within this framework. This structure clearly shows how taxes are calculated at each income slab, ensuring a progressive tax rate that increases with higher income brackets.
In addition to the basic tax rates, a surcharge and cess are applicable: Income tax slab determine the rate at which an individual/entity is taxed.
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