Current Tax Slabs In India 2024-23. Let's understand income tax calculation under the current tax slabs and new tax slabs (optional) by way of an example. In india, income tax is calculated using income tax slabs and rates for the applicable financial year (fy) and assessment year (ay).
Highlights include revised tax slabs, increased deductions, and simplified. Let’s understand income tax calculation under the current tax slabs and new tax slabs (optional) by way of an example.