What is the Income Tax Slab Rate for FY 2023-24? To figure out the income tax on your salary, start by looking at the tax slabs set by the Income Tax Department of India for the financial year. For individuals (Age < 60 years) ...
The income tax rate is levied based on a slab system under which individuals pay taxes at different rates basis their income slab. Income tax slabs are revised every year during the budget keeping in mind the individual taxpayers. According to the budget announcement for the FY 2019-20, tax ...
There are various cases in which an employee might obtain the salary arrears for the present year for any previous year’s left dues to furnish the amendments. The tax payable for the present year is much more when the other arrear gets added to the income of the prevailing year. This is...