As a chartered accountant, what's your take on the new income tax

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1,80,000 will be exempted from Tax If Income is 5,00,000, the Tax will be calculated as follows Taxable amount = 500000

The tax slab under the new tax regime is the same for all individuals Income Tax Slab · Form 26AS · What is Form 16 · Salary Income · How to INCOME TAX SLAB RATES CHANED? NEW VS OLD TAX REGIME

aladdin slot background Income Tax Slab Rate for 2022-23 & 2023-24 with slab rate for 2021-22 & New Income Tax Slabs as per Union Budget 2023 ; ₹ 2,50,001 - ₹ 5,00,000 5% above ₹ 2,50,000 ; ₹ 5,00,001 - ₹ 7,50,000 ₹ 12,500 + 10% above