New Tax Regime Simplified for Year 2023-24 !!

Finally, the much-awaited Budget from the GOI is here, and the income tax slabs for salaried individuals under the new income tax regime 2023–24 will be as follows:

Up to Rs 3 lakh - 0% tax

Between Rs 3 and 6 lakh - 5% tax

Between Rs 6 and 9 lakh - 10% tax

Between Rs 9 lakh and Rs 12 lakh - 15% tax

Between Rs 12 lakh and Rs 15 lakh - 20% tax

Above Rs 15 lakh above - 30% tax

Even with the reduced tax rates proposed in the regime, the old regime with HRA reductions, housing loan interest reductions, reductions from 80 C, etc. seems attractive. Just an example of an individual receiving a salary of 1 lac per month.

Income_Tax_Filing_Budget_2023-24_Tax_Slab


One can refer below link which helps in filing Income Tax hassle free and Independently.

https://www.presentationpick.com/2021/08/income-tax-filing-so-easy-believe-it-or.html

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