Income Tax Slab Rates For Ay 2024-250. Deduction is limited to whole of the amount paid or deposited subject to a. A new tax regime has been established by the insertion of section 115 bac in the income tax act, 1961 vide the finance act, 2020.

Quickly calculate your taxable income and tax liability with taxmann’s income tax calculator. These slab rates vary for different groups of taxpayers.