Income Tax Rates For Companies Fy 2024-25. An individual has to choose between new and old tax regime to calculate their income tax liability, subject. (as amended upto finance act,.
While the old tax regime allows taxpayers to avail of tax exemptions under close to 70 income tax deductions available under various sections of the income tax rules, the new rates. 30% (29% if turnover or gross receipt does not exceed rs.5 crore) surcharge:
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