Income Tax Depreciation Rates For Ay 2024-25

Income Tax Depreciation Rates For Ay 2024-25. This article summarizes income tax rates, surcharge, health & education cess, special rates, and rebate/relief applicable to various categories of persons viz. Depreciation rates are specified in the income tax act based on the block of assets.

Employer’s nps contribution limit hiked to 14% in new tax regime. The withholding tax rate on mutual fund income for resident individuals has been set at 10%.however, if the annual income from mutual funds exceeds rs.