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Tax 2024-25

Tax 2024-25. Surcharge rates also apply, ranging from 10% to 25% based on income slabs. An individual has to choose between new and old tax regime to calculate their income tax liability, subject to certain conditions.


Tax 2024-25

Changes announced in the new tax regime are as follows: Among the key highlights are the revised tax slabs, increased deductions and exemptions for salaried employees and pensioners, and the abolition of the angel tax, each designed to foster economic growth, simplify the tax system, and support innovation.

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