Feb 12, 2023 | 2 commentsFrom FY 2023-24, tax rates for the new tax regime are revised. The new Tax Regime was introduced in Union Budget 2020-21. So now there is old tax regime, new tax regime applicable till AY 2023-24 and Revised new Tax Regime applicable from AY 2024-25. Now...
Income tax rates as per tax slabs – FY 2023-24 The Union Budget 2023 revised the new tax regime to be the default regime, effective from April 1, 2023. The old tax regime is, however, still available for taxpayers to use and it retains the benefit of exemptions and deductions. Under ...
. If a non-salaried taxpayer chooses to transfer to the new tax regime in the current assessment year, they will only be able to do so once in their lifetime. They cannot choose the tax rates in the new regime once she has exercised their choice to return to the previous tax regime....
Learn how to file Income Tax Returns ( ITR ) for FY 2022-23 (AY 2023-24) and FY 2023-24 (AY 2024-25). We covers tax concepts on Salary, interest, Capital Gains, House Property, Business and Profession and GST.
…Mr. Ducey’s budget will cut rates for all taxpayers. The Legislature can’t repeal the voter-approved surtax, so above the 2.5% flat rate, there will still be a second bracket on income over $250,000. But the budget also has a provision adjusting the flat tax downward for those ...
Draft Government Decision on the norms for the application of Law nr. 88/2023 has been published for public debate. The law introduced new VAT exemptions with the right to deduct in the medical sector, with applicability from 12 June 2023. However, it was established that these VAT exemptions...
Two-tiered profits tax rates regime introduced in Hong Kong [English] [Simplified Chinese] Back to top Year 2017 H75/2017 – 1 August 2017 Hong Kong signs multilateral instrument to modify bilateral tax agreements [English] [Simplified Chinese] ...
Melville Rodrigues (Apex Group) and Naomi Lawton (Allen & Overy) provide an overview of the new regime that offers additional flexibility and plugs a gap in the UK’s existing fund range. 18 April 2024 Tax and the City review for March 2024 Zoe Andrews Mike Lane Keighley on the loa...
Business groups had also warned that the city’s richest inhabitants might move to neighboring states with lower rates. This had happened in Norway, where a wealth-tax increase to between 1% and 1.1% — notably lower than that proposed in Geneva — spurred millionaires to leave the country. ...
The Multistate Tax alert archive includes external tax alerts issued by Deloitte Tax LLP's Multistate Tax practice during the last three years.