Additional Medicare Tax Rate 2024 India. This is how just 2% of the population pays taxes for both earning and. To begin with, the new regime of taxation has more tax slabs with lower tax rates than the old.
Earned income above a certain threshold is subject to the 0.9% surtax, while investment income can be taxed at an additional 3.8%, depending on the filer’s modified adjusted. Income tax experts expect equity in deductions within the new tax.
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