Sale FY 2023-24

Sir,

FY 2023- 24 Turnover sale will be Rs.80 Lacs so if we declare 8% Profit can we go for NEW regime slab. where no income tax up to 7 Lacs

please suggest
Replies (3)
Quick Summary
This discussion addresses whether a turnover sale of Rs. 80 Lakhs in FY 2023-24, with an 8% profit declaration, qualifies for the new tax regime. The consensus is that it does, allowing for the income tax exemption up to Rs. 7 Lakhs.

Yes, You can.
Thank you Raja Sir,

You are most welcome Dear 

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