https://www.taxtmi.com/article/detailed?id=11458 Income tax for AY 2023-24 is presented under two regimes: the old tax regime with status based progressive slabs up to 30%, 4% health and education cess, rebate and numerous specified deductions (house loan interest, 80C-style investment limits, health insurance, medical treatment, education loan interest, donations, rent, disability relief) with combined and sub limits and surcharge with marginal relief; and the new tax regime under the new provision with an alternative slab structure, identical surcharge schedule, 4% cess, and a newly introduced standard deduction. en-us Sat, 03 Jun 2023 08:55:49 +0530 Sat, 03 Jun 2023 08:55:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11458 Income tax for AY 2023-24 is presented under two regimes: the old tax regime with status based progressive slabs up to 30%, 4% health and education cess, rebate and numerous specified deductions (house loan interest, 80C-style investment limits, health insurance, medical treatment, education loan interest, donations, rent, disability relief) with combined and sub limits and surcharge with marginal relief; and the new tax regime under the new provision with an alternative slab structure, identical surcharge schedule, 4% cess, and a newly introduced standard deduction. Articles Income Tax Sat, 03 Jun 2023 08:55:49 +0530 https://www.taxtmi.com/article/detailed?id=11458