This is Ravi Verma, in this article, I am gonna show you the income tax slab rates for FY. 2023-2024 (AY. 2024-2025)

Let’s begin,

• Income Tax slab rates for individuals (Resident / non Resident)

A. Individuals (other than senior citizens and super senior citizens)

B. Individuals (senior citizens)

C. Individuals (Super senior citizens)

• Rebate – A resident individual can avail rebate under section 87A.************

• Income Tax Slab Rates for (HUF, AOP, BOI, and AJP)

• New Income Tax Slab Rates for Individua, AOP, BOI, HUF, and AJP (Section 115BAC)

• Difference Between New Tax Regime and Old Tax Regime

Thanks,

Direct tax to be paid on the income of any person is called income tax. In India, the tax levied on all persons is levied according to age, in which all are category wise divided.

• Individual (Resident or Resident but not Ordinarily Resident or non-resident), who is of the age of less than 60 years on the last day of the relevant previous year & for HUF

• The person who lives in India and his age is more than 60 years and less than 80 years

• Super Senior citizens (age 80 year and above)

Looking at all these, we can tell how much personal tax any individual person belongs to India will have to pay. And in which category they fall according to their age.