What is the default tax regime in India for FY 2024-25?

Old Tax Regime New Tax Regime Taxpayers can choose either No default regime

What is the maximum tax rebate available under Section 87A in the new tax regime for FY 2024-25?

Rs. 12,500 Rs. 25,000 Rs. 50,000 Rs. 70,000

Which of the following deductions is NOT allowed under the new tax regime?

Standard deduction on salary Investment in Notified Pension Scheme under section 80CCD(2) Transport allowance for specially-abled people Depreciation under section 32, except additional depreciation

What is the income tax rate for a domestic company with a turnover of less than Rs. 400 crores in the previous year, under both old and new tax regimes?

15% 22% 25% 30%

Which of the following is a taxable income source in India?

Salary income Rental income from property Capital gains from selling stocks All of the above