WebIncome Tax Calculation 2024-22 Old vs New Slab Rates How To Calculate Income Tax 2024-21In this video, I have shared how to calculate income tax for fina... WebApr 18, 2024 · The income tax liability in the new tax regime will be calculated on Rs 15.40 lakh. There will be no tax on the first Rs 2.5 lakh from Rs 15.40 lakh income as mentioned above in the table in point 1. The income which is still chargeable to tax now left will be Rs 12.90 lakh (Rs 15.40 lakh minus Rs 2.5 lakh).
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