Stay informed with live updates on Income Tax Slabs for 2024-25. Explore the changes between the new vs old tax regimes, budget implications, and specific details for senior citizens and salaried employees. Get the latest news on income tax calculations and rates at news18.com
The surcharge amount is calculated on the tax before adding a cess to it. It is levied to put a high tax burden on rich people. This is how you can calculate it.