5.5 Crore Taxpayers Likely to Have Opted for New Tax Regime in FY24: A Comparative Analysis

Last updated: 23 August 2023

New Tax Regime Taxable Income Up to Rs 7.27 lakh: Taxpayers earning up to Rs 7.27 lakh are not required to pay any tax under the new tax regime. This includes a marginal relief of up to Rs 27,000, achieved through a Rs 25,000 rebate under the Finance Act, 2023. No Deductions: In the new tax

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Category Income Tax   Report

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