Income Tax Return Date: The new financial year has started. Along with this, many new things have also been implemented in the country. There is also an important thing in this, which only the Modi government has been able to implement. At the same time, it was announced by Finance Minister Nirmala Sitharaman herself.
Income Tax Slab: With April 1, the new financial year has started in the country. Along with this, many new things have also been implemented in the country. There is also an important thing in this, which only the Modi government has been able to implement. At the same time, it was announced by Finance Minister Nirmala Sitharaman herself. Those who are going to file income tax return, it is also very important for them to know about it. Let’s know about it…
Income tax return
In fact, in Budget 2023, it was announced by Finance Minister Nirmala Sitharaman that people with an annual income of up to Rs 7 lakh will not have to file any tax in the new tax regime. This meant that people with an annual income of up to Rs 7 lakh would not be taxed. Now this provision has come into force from today.
No tax
With this, this will happen for the first time in the country when people with an annual income of seven lakh rupees will not have to pay any tax. People are getting this facility with rebate. At the same time, many changes were also made by the government in the new tax regime, which have been implemented from today. Under this, a change was made in the tax slab.
Tax Slab
According to the new tax regime, no rate is applicable on annual income of Rs 3 lakh. And 5% on annual income of Rs 3-6 lakh, 10% on annual income of Rs 6-9 lakh, 15% on income of Rs 9-12 lakh, 20% on income of Rs 12-15 lakh and Rs 15 lakh Tax will have to be paid at the rate of 30 per cent on income above Rs.
