Personal Income Tax Rates 2024-25. These changes are now law. Tax calculation under the old tax regime:
The highest surcharge rate of 37% reduced to 25% in the new regime. 5% on income exceeding ₹3,00,000.
Personal Income Falling Between ₹ 5 Lakh And ₹ 10 Lakh Is Taxed At A Rate Of 20 Per Cent.
Tax calculation under the old tax regime:
On 25 January 2024, The Government Announced Changes To Individual Income Tax Rates And Thresholds From 1 July 2024.
Rebate under section 87a increased to taxable income of rs 7 lakh (tax rebate of 25,000) from 5 lakh.
The Income Tax Calculator Estimates The Refund Or Potential Owed Amount On A Federal Tax Return.
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Tax Calculation Under The Old Tax Regime:
» individual tax rates (resident) » ato tax rates 2025.
Tax Calculation Under The New Tax Regime:
On 25 january 2024, the government announced changes to individual income tax rates and thresholds from 1 july 2024.
The Table Shows The Tax Rates You Pay In Each Band If You Have A Standard Personal Allowance Of £12,570.