Income Tax Depreciation Rates For Ay 2024-25. In india, income tax is calculated using income tax slabs and rates for the applicable financial year (fy) and assessment year (ay). Under the new tax regime, unabsorbed additional depreciation cannot be used for tax offset but must be added to the written down value of assets as of 1st april 2023.
A super senior citizen is an individual resident who is 80 years or above, at any time during the previous year. Click to view the list of tax tools including tax calculator, income tax calculator and more.
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