Highlights of Budget 2022. No change latest income tax slab rates for F.Y 2022-23 & A.Y 2023-24 after Budget 2022. There are any changes in the income tax rates applicable to individuals? Let’s see the details. In this post, my focus is to share with you the latest Income Tax Slab Rates and applicable Security Transaction Tax (STT) for FY 2022-23 / the Year 2023-24. Highlights of Budget 2022 #No change in tax slab No change in tax slab # Revised tax filing if you have missed some information If you have…
Tag: Budget 2022
Budget 2022: Any changes to the Tax Threshold and Standard Deduction for Salaried Retirees in FY 2022-23? With Automatic Income Tax Preparation Software All in One in Excel for the F.Y.2021-22 as per new and old Tax Regime.
Budget 2022 did not provide for any change in the standard deduction amount available to employees and retirees. Therefore, This will effectively mean that salaried individuals and retirees (whose pension is taxed) In other words, However, Below the head salary) will continue to claim the same standard deduction amount in fiscal 2022-23 as they did in fiscal 2021-22. For instance, can claim Rs 50,000 as a standard deduction if they opt for the old tax regime in the financial year 2022-23. The amount available to apply for the standard deduction had to increase due to the…