{"id":4695,"date":"2023-09-22T10:11:58","date_gmt":"2023-09-22T10:11:58","guid":{"rendered":"https:\/\/bdsadvisories.com\/?page_id=4695"},"modified":"2023-09-23T07:56:28","modified_gmt":"2023-09-23T07:56:28","slug":"income-tax-rates","status":"publish","type":"page","link":"https:\/\/bdsadvisories.com\/index.php\/income-tax-rates\/","title":{"rendered":"Income Tax rates"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"4695\" class=\"elementor elementor-4695\">\n\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7d5a5f6 e-con-full e-flex e-con e-parent\" data-id=\"7d5a5f6\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;full&quot;}\" data-core-v316-plus=\"true\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cfd6843 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"cfd6843\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! 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elementor - v3.17.0 - 08-11-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<h2>\u00a0<\/h2><h2 style=\"text-align: center;\"><strong>Income Tax rates<\/strong><\/h2><h4 style=\"text-align: center;\">NRI Taxation\u00a0<span class=\"breadcrumbs-separator\">\/<\/span>\u00a0<span class=\"post post-page current-item\">Income Tax rates<\/span><\/h4><p>\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b6e4b56 e-con-full e-flex e-con e-parent\" data-id=\"b6e4b56\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;full&quot;}\" data-core-v316-plus=\"true\">\n\t\t\t\t<div class=\"elementor-element elementor-element-92dfe15 elementor-widget elementor-widget-heading\" data-id=\"92dfe15\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.17.0 - 08-11-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h3 class=\"elementor-heading-title elementor-size-large\">Income Tax rates<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-aa8b17a e-con-full e-flex e-con e-parent\" data-id=\"aa8b17a\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;full&quot;}\" data-core-v316-plus=\"true\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5d6b2ee elementor-widget elementor-widget-text-editor\" data-id=\"5d6b2ee\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"color: #000000;\">For the Assessment Year 2022-23, non-resident individuals have the option to choose between the existing tax regime or the new tax regime, which offers lower tax rates (under Section 115BAC of the Income Tax Act).<\/span><br \/><span style=\"color: #000000;\">If a taxpayer opts for the reduced rates in the new tax regime, they will not be eligible for certain exemptions and deductions, such as those available under Sections 80C, 80D, 80TTB, and HRA, which are offered in the existing tax regime.<\/span><\/p><p><span style=\"color: #000000;\">The rates of surcharge and the Health &amp; Education cess remain the same under both tax regimes. The surcharge rates are as follows:<\/span><\/p><ul><li><span style=\"color: #000000;\">10% surcharge on taxable income above \u20b950 lakh up to \u20b91 crore.<\/span><\/li><li><span style=\"color: #000000;\">15% surcharge on taxable income above \u20b91 crore up to \u20b92 crore.<\/span><\/li><li><span style=\"color: #000000;\">25% surcharge on taxable income above \u20b92 crore up to \u20b95 crore.<\/span><\/li><li><span style=\"color: #000000;\">37% surcharge on taxable income above \u20b95 crore.<\/span><\/li><\/ul><p><span style=\"color: #000000;\">The maximum surcharge on income, such as dividends or income from sources like short-term capital gains, long-term capital gains, and income from securities, is 15%.<\/span><\/p><p><span style=\"color: #000000;\">The applicable education cess rate is 4%.<\/span><\/p><p><span style=\"color: #000000;\">Feel free to reach out to us to determine which tax regime is more advantageous for your situation.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>\u00a0 Income Tax rates NRI Taxation\u00a0\/\u00a0Income Tax rates \u00a0 Income Tax rates For the Assessment Year 2022-23, non-resident individuals have the option to choose between the existing tax regime or the new tax regime, which [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_canvas","meta":{"footnotes":""},"rishi__cb_customizer_meta":"","_links":{"self":[{"href":"https:\/\/bdsadvisories.com\/index.php\/wp-json\/wp\/v2\/pages\/4695"}],"collection":[{"href":"https:\/\/bdsadvisories.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/bdsadvisories.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/bdsadvisories.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bdsadvisories.com\/index.php\/wp-json\/wp\/v2\/comments?post=4695"}],"version-history":[{"count":10,"href":"https:\/\/bdsadvisories.com\/index.php\/wp-json\/wp\/v2\/pages\/4695\/revisions"}],"predecessor-version":[{"id":4981,"href":"https:\/\/bdsadvisories.com\/index.php\/wp-json\/wp\/v2\/pages\/4695\/revisions\/4981"}],"wp:attachment":[{"href":"https:\/\/bdsadvisories.com\/index.php\/wp-json\/wp\/v2\/media?parent=4695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}