Web23 hours ago · 4. Up to Rs. 7 lakh in income is tax-free If the taxable income for a person choosing the new tax regime for FY 2024–24 does not reach Rs 7 lakh in a financial … WebAddressing a gathering at Kungri Gompa, the Chief Minister said, "Emphasis would be laid on the maximum use of technology to strengthen the infrastructure in the region and with a vision to strengthen the economy of the valley, 4G services would be extending upto Spiti Valley." He said, "The state government is well aware of the difficulties ...
Why taxable salary up to seven lakhs will be tax free from 1st …
WebFeb 18, 2024 · Section 80C is one of the most popular deductions that salaried individuals usually claim to save tax. A maximum deduction of Rs 1.5 lakh is available under Section 80C is one of the most popular deductions that salaried individuals usually claim to save tax. A maximum deduction of Rs 1.5 lakh is available under section 80C against specified … WebOct 28, 2024 · No income tax needs to be paid if your taxable income is below Rs 5 lakh in both the regimes, and yet there is a tax of 5% on income above Rs 2.5 lakh. This may … kitset sheds whangarei
Income Tax Above 5 Lakh for FY 2024-23 & AY 2024-24 …
WebFeb 21, 2024 · The individual has to plan investments and park money in different tax saving avenues for the financial year (FY) 2024-20 and avail deductions to reduce his taxable income to Rs 5 lakh. If an individual calculates his taxes early in the FY, he can invest his earnings in the most tax-friendly ways and reduce taxes to zero. WebApr 10, 2024 · This is because the old tax regime allows you a tax deduction on principal amount upto Rs 1.5 lakh under section 80C and Rs 2 lakh under section 24(b) on the interest amount for self-occupied ... WebApr 10, 2024 · This is because the old tax regime allows you a tax deduction on principal amount upto Rs 1.5 lakh under section 80C and Rs 2 lakh under section 24(b) on the … kitshoff and associates