[ad_1]
30 percent tax will have to be paid: Finance Minister Nirmala Sitharaman made several announcements regarding income tax in the budget for the financial year 2023-24. This time Nirmala Sitharaman made many changes in the new tax system, after which if you pay tax under the new tax system, you may have to pay 30 percent tax.
Who will have to pay how much tax?
This time the finance minister has changed the slab of the new tax regime, after which you will not have to pay any tax on income up to Rs 3 lakh. Apart from this, people whose income is between 3 to 6 lakhs will have to pay 5 percent tax on it. Those earning 6 to 9 lakh rupees will have to pay tax at the rate of 10 percent. Along with this, those earning 9 to 12 lakh rupees will have to pay 15 percent tax.
These people will have to pay 30 percent tax
If the salary of an employee is 12 to 15 lakhs then these people will have to pay 20 percent tax. Apart from this, people with a salary of Rs 15 lakh will have to pay tax at the rate of 30 percent.
When will you get the benefit of tax exemption?
Let us tell you that under this new tax regime, taxpayers have to take special care that they will not get the benefit of tax exemption on any investment. On the other hand, if you pay tax under the old tax system, you will get the benefit of exemption on investment.
note: You can download our app to read breaking news in Punjabi. You can also follow Pro Punjab TV on social media platforms Facebook, Twitter and Instagram.
TV, FACEBOOK, YOUTUBE from First every the news to read for Download do PRO PUNJAB TV APP
APP Download to do for Link ‘on Click do:
Android: https://bit.ly/3VMis0h
[ad_2]
Source link