Assessment Year 2022-23 Income tax Slab For Female Taxpayers New and Old Tax Regime
As per the budget 2021, there is no change in the income tax slab for the assessment year 2022-23.
Assessment Year 2022-23
As per the budget 2021, there is no change in the income tax slab for the assessment year 2022-23.
The New Income Tax Slab (New Tax Regime) was introduced vide section 115BAC, which is applicable to individual and HUF assessee only and allows them to pay tax at lower rates.
In India, we have a progressive method of taxation i.e. “Higher Income Higher The Tax Payable”. To govern the same taxation in India is determined based on Income Tax Slab which is …
The taxpayer opting for concessional rates in the New Tax Regime will have to forgo certain exemptions and deductions available in the existing old tax regime.
As per the budget 2020, under the new regime, the taxpayer (Individual and HUF assessee) has an option to choose either a new regime or stay in the old regime.
In India, we have a progressive method of taxation i.e. “Higher Income Higher The Tax Payable”. To govern the same taxation in India is determined based on Income Tax Slab which is …