Income Tax Deductions For Ay 2024-24. Under the new tax regime, the highest surcharge rate of 37% on income above inr 5,00,00,000 has been reduced to 25%. The upstox income tax calculator helps you calculate the applicable income tax based on your overall income and the tax liability as per your tax slab.

Provide investments including standard deduction,. Understanding the income tax slab rates and available deductions can significantly affect tax planning and overall financial health.