Union Budget 2023 income tax slabs: New tax regime is default

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How to Calculate Income Tax from Income Tax Slabs? ; Income from Rs 5,00,000

You can read more about income tax slabs here The comparison for the tax rates is as follows: Income Tax Slab, Old Tax Regime, New tax Regime ( The revised income tax slab for salaried class revealed that where taxable income exceeds Rs6,000,000, the rate of tax would be Rs 1,095,000

poker chip dimensions Choosing between the old and new tax slabs · Actual HRA received · Actual rent paid minus 10 per cent of basic salary and dearness allowance , if any · 50 Step 3: Tax Slab Based on Net Taxable Income In the Union Budget 2022-2023, the tax slabs under both the New Tax Regime and the Old Tax Regime have remained