![]() ![]() What are the Major Procedural Changes in Filing of Income Tax Return from FY 2022-23 to FY 2023-24? Income tax exemption limit is up to Rs 3,00,000 for Individuals, HUF opting for the new regime.* Tax rebate equivalent to an amount, tax payable is when the total income exceeds Rs 7,00,000. However, under the new t ax regime rebate is up to Rs.25000 is applicable if the total income does not exceed Rs 7,00,000. Surcharge and cess will be applicable over and above the tax rates.up to Rs 5,00,000 for super senior citizens aged above 80 years. ![]()
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