What is highest surcharge rate in new tax regime?

Created by Product Content Team, Modified on Wed, 18 Jun at 12:54 PM by Product Content Team


In the new tax regime, the government has reduced the surcharge rate for the highest tax slab, i.e., for taxable income of more than Rs 2 crore, the surcharge rate is reduced from 37% to 25%.


The latest budget includes lower tax rates under the new regime. The budget changes will automatically reflect in the admin portal on the Income Tax page and in the ESS portal on the Declare Income Tax page.


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