Income Tax Slabs and Rates for Financial Year 2023-24 (Assessment Year 2024-25)
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Budget 2023 aims to provide relief to the middle-income group under the new tax regime. Under the new tax regime, Tax rebate has been introduced for individuals with annual income up to Rs 7 lacs along with Standard Deduction benefit of Rs 50,000/-. Furthermore, the tax slabs have also been revised in favour of the taxpayers under new regime. Complete details in the link shared below.
