2024 Tax Rates And Deductions In India. India's income tax system is progressive, meaning tax rates increase with higher income levels. An individual has to choose between new and old tax regime to calculate their income tax liability, subject to certain conditions.
An individual has to choose between new and old tax regime to calculate their income tax liability, subject to certain conditions. In this article we have discussed income tax deduction available to taxpayers from various sources of income for a.y.
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