Income Tax Deduction Allowed in the new income tax regime A.Y.2024-25 as per Budget 2023 with Auto Calculate Income Tax Software in Excel for the Non-Govt Employees for the A.Y.2024-25

Tax Slab for A.Y. 2023-24

Income Tax Deduction Allowed in the new income tax regime A.Y.2024-25 as per Budget 2023| A new and optional income tax regime was announced in the Union Budget 2023. Under this new regime, the income tax slab rates have been reduced significantly. However, denomination slab fees come at the expense of traditional income tax deductions that can be claimed under the old (existing) tax regime. As things stand now, both tax regimes will be available together in A.Y 2024-25 (F.Y 2023- 24). You may also like- Auto Calculate and Auto Prepare at a time 50 Employees Form 16…