Income Tax Depreciation Rates For Ay 2024-25. This guide includes rates for tangible and intangible assets, providing valuable insights for taxpayers. By taxconcept september 7, 2023.
This is according to the income tax act 1962 which gives the different rates of depreciation for different classes of assets. Refer examples & tax slabs for easy calculation.
Check Out The Latest Income Tax Slabs And Rates As Per The New Tax Regime And Old Tax Regime.
The basic exemption limit depends on the age of an individual and status of an individual under the old tax regime.
Surcharge, Marginal Relief And Health &Amp; Education Cess
For eg if an asset is of rs.
How New Income Tax Regime Differs From Old Tax Regime Now.
Images References :
The Above Calculator Is Only To Enable Public To Have A Quick And An Easy Access To Basic Tax Calculation And Does Not Purport To Give Correct Tax Calculation In All Circumstances.
Water treatment system includes system for desalination, demineralisation and purification of water.
1 Lakh And 80% Depreciation Is Prescribed For The Asset And You Charge Only Rs.
For complete details and guidelines, please refer income tax act, rules and notifications.