Web3 apr. 2024 · The standard deduction of Rs 52,500 has been introduced under the new tax regime for salaried classes with more than Rs.15.5 lakh taxable income. The highest surcharge under the new tax regime has been reduced to 25% from 37% for people earning more than Rs 5 crore. This move brings down their tax rate from 42.74% to 39%. Web12 uur geleden · Taxpayers will get a standard deduction of Rs 50,000 from their total gross salary income. In addition, family pensioners opting for the new tax regime can claim a standard deduction of Rs 15,000 from their pension income. Soni highlighted that the rebate under section 87A has been hiked to Rs 7 lakh from Rs 5 lakh under the new tax regime.
Can you change tax regime while filing Income Tax Return (ITR)?
WebITR for Income from Business and Profession The ITR-3 Form applies particularly to those Individuals and Hindu Undivided Families who have income from carrying on a … Web4 uur geleden · As a freelance professional in India, filing your Income Tax Return (ITR) is slightly different from salaried individuals, but the tax rates remain the same. You will need to submit either ITR-3 or ITR-4, depending on your income from business or profession. Since the Assessment Year (AY) 2024-18, freelancers can opt for presumptive taxation … sweatshirts for men tall
Can a salaried employee show business/ professional income and …
WebCheckout this Video to know about How to File Income Tax Return For Share Trading in India Stock Market ITR 2 Filing AY 2024-22👉 File ITR by Expert - http... Web8 feb. 2024 · ITR 2 Form is the Income Tax Return form for all those individuals and HUFs who do not have any sort of Business or Professional Income. This means any individual having Salary, House Property, Capital Gains and Other Sources can file ITR 2. Other important income tax documents include Form 16, Form 26AS , Form 12BB , Form … Web54 minuten geleden · Indore (Madhya Pradesh): The amendments made in the Income Tax Act in the Union Budget 2024 have empowered the income tax department to trace income tax dodgers by scrutinising their income tax ... sweatshirts for men syracuse