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Quarterly Tax Deductions 2024 Income. Taxpayers can now choose to pay income tax at lower rates under the new tax regime slabs on the condition that they withdraw from being considered for specific exemptions and deductions. Find tax rates, deductions, tds/tcs rates, capital gains, advance tax schedules, and major amendments.

In this article we have discussed income tax deduction available to taxpayers from various sources of income for a.y. Essentially, you estimate your tax bill at the end of each quarter based on a reasonable expectation of your income and deductions so far this year.