Income Tax Brackets 2024-250

Income Tax Brackets 2024-250. Individuals falling under the taxable. Section 2 (23) (i) of the income tax act, 1961 states that the meaning of firm will be same as that in the.

Under section 115bac, individuals, hufs, aops, bois, and artificial juridical persons are taxed at progressive rates starting from nil for incomes up to rs. 5,00,000) can avail rebate under section 87a.