Income tax slab 2022-23

Check Premium meet advisor This advertisement is designed for combination of Benefits of two ICICI iProtect Smart (a non-linked term insurance plan; UIN: 105N151V07) policies, one for you and one for your spouse. These products are also available for sale individually without the combination offered / suggested. This benefit illustration is the arithmetic combination and chronological listing of combined benefits of individual products. The customer is advised to refer to the detailed sales brochure of respective individual products mentioned herein before concluding the sale. • ICICI Pru iProtect Return of Premium (New) • Ensure right life cover 1 to protect yourself adequately at every life-stage 2 • Get 105% of your premium back 3 or get monthly income from age 60 on survival/maturity • Get claim payout on diagnosis of 64 critical illnesses 4 (optional) • Accidental death benefit 5 cover up to 2 crore (optional) • Tax benefit 6 as per prevailing tax laws • Guaranteed benefits 1 in the form of lump sum or regular income to achieve your life goals • Option to receive guaranteed income from 2 nd year onwards 2 • Life insurance cover 4 for financial security of your family • Tax benefits 6 may be applicable on premiums paid and benefits received as per prevailing tax laws • A regular-pay deferred annuity plan that helps you gradually build the retirement savings and provide guaranteed income for life • Flexible premium paying terms and deferment periods • Meet your healthca...

Finance Minister Effective from April 1, 2020, an individual salaried taxpayer has been given the option to continue with the old tax regime and avail deductions/tax exemptions such section 80C, 80D deductions, HRA, LTA tax exemptions etc. or to opt for the new tax regime and forgoing approximately 70 deductions and tax exemptions. The new tax regime offers lower Further, under both the regimes, a tax rebate of up to Rs 12,500 is available to an individual taxpayer under section 87A of the Income-tax Act, 1961. Here is a look at income tax rates and slabs under both the old and new tax regimes. Income Tax Slabs for FY 2022-2023 Old tax regime (With deductions and exemptions) Total Income New tax regime (With deductions and exemptions) Nil Up to Rs 2.5 lakh Nil 5 per cent From 2,50,000 to 5 lakh 5 per cent 20 per cent • From 5,00,001 to 7.5 lakh • From 7,50,001 to 10 lakh 10 per cent 15 per cent 30 per cent • From 10,00,001 to 12.5 lakh • From 12,50,001 to 15 lakh • From 15,00,001 and above 20 per cent 25 per cent 30 per cent She, however, proposed that both Centre and states government employees’ tax deduction limit should be increased from 10 per cent to 14 per cent. The move, she said, will help the social security benefits of state government employees and bring them at par with the Central government employees. The Finance Minister also proposed a reduction in corporate surcharge and said that the transfer of any virtual digital asset shall be taxed at the rate of 30 p...

Finance Minister Effective from April 1, 2020, an individual salaried taxpayer has been given the option to continue with the old tax regime and avail deductions/tax exemptions such section 80C, 80D deductions, HRA, LTA tax exemptions etc. or to opt for the new tax regime and forgoing approximately 70 deductions and tax exemptions. The new tax regime offers lower Further, under both the regimes, a tax rebate of up to Rs 12,500 is available to an individual taxpayer under section 87A of the Income-tax Act, 1961. Here is a look at income tax rates and slabs under both the old and new tax regimes. Income Tax Slabs for FY 2022-2023 Old tax regime (With deductions and exemptions) Total Income New tax regime (With deductions and exemptions) Nil Up to Rs 2.5 lakh Nil 5 per cent From 2,50,000 to 5 lakh 5 per cent 20 per cent • From 5,00,001 to 7.5 lakh • From 7,50,001 to 10 lakh 10 per cent 15 per cent 30 per cent • From 10,00,001 to 12.5 lakh • From 12,50,001 to 15 lakh • From 15,00,001 and above 20 per cent 25 per cent 30 per cent She, however, proposed that both Centre and states government employees’ tax deduction limit should be increased from 10 per cent to 14 per cent. The move, she said, will help the social security benefits of state government employees and bring them at par with the Central government employees. The Finance Minister also proposed a reduction in corporate surcharge and said that the transfer of any virtual digital asset shall be taxed at the rate of 30 p...

Check Premium meet advisor This advertisement is designed for combination of Benefits of two ICICI iProtect Smart (a non-linked term insurance plan; UIN: 105N151V07) policies, one for you and one for your spouse. These products are also available for sale individually without the combination offered / suggested. This benefit illustration is the arithmetic combination and chronological listing of combined benefits of individual products. The customer is advised to refer to the detailed sales brochure of respective individual products mentioned herein before concluding the sale. • ICICI Pru iProtect Return of Premium (New) • Ensure right life cover 1 to protect yourself adequately at every life-stage 2 • Get 105% of your premium back 3 or get monthly income from age 60 on survival/maturity • Get claim payout on diagnosis of 64 critical illnesses 4 (optional) • Accidental death benefit 5 cover up to 2 crore (optional) • Tax benefit 6 as per prevailing tax laws • Guaranteed benefits 1 in the form of lump sum or regular income to achieve your life goals • Option to receive guaranteed income from 2 nd year onwards 2 • Life insurance cover 4 for financial security of your family • Tax benefits 6 may be applicable on premiums paid and benefits received as per prevailing tax laws • A regular-pay deferred annuity plan that helps you gradually build the retirement savings and provide guaranteed income for life • Flexible premium paying terms and deferment periods • Meet your healthca...