Fy 24-25 Tax Rates

Fy 24-25 Tax Rates. Income tax is basically calculated using income tax slabs and rates for the applicable assessment year (ay) and financial year (fy). Similarly, tds rates for commission on lottery tickets under section 194g, commission or brokerage under section 194h, and rent under section 194ib will also.

An individual has to choose between new and old tax regime to calculate their income tax liability, subject to certain conditions. Itr filing 2024 live updates: