Tax Rules 2024-24. Also, no changes have been announced in the. A new tax regime has been established by the insertion of section 115 bac in the income tax act, 1961 vide the finance act, 2020.
2) tax rebate under section 87a increased from rs 5 lakh to rs 7 lakh. In the new income tax regime, the tax rebate limit ( basic.
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1) income tax exemption limit increased from rs 2.5 lakh to rs 3 lakh.
Discover insights into the new tax regime, its implications, and why it's set to become the.
This article talks about the changes.
Tax Rules 2024-24. Also, no changes have been announced in the. A new tax regime has been established by the insertion of section 115 bac in the income tax act, 1961 vide the finance act, 2020. 2) tax rebate under section 87a increased from rs 5 lakh to rs 7 lakh. In the new income…
