What is highest surcharge rate in new tax regime?

Created by Product Content Team, Modified on Tue, 20 Feb at 11:00 AM 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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Related Links:

Video- To watch a video on Budget changes for FY 2023-24, click here.

FAQs: To read more about Budget changes for FY 2023-24, click here.

Documentation:

  • To learn more about the recent Budget changes for FY 2023-24, click here.
  • To learn more about the Tax Slabs of budget changes, click here.

Product Update- To read about the product update, click here.


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