2024 Tax Credits And Deductions In India.  — the tax holiday periods range from five to ten years, and the percentage of the rebate is 30%, 50%, or 100% in initial years and 30% in the later years.  — the indian income tax act provides for various deductions under sections 80c to 80u, which can be claimed by an individual or a business entity while calculating.

Tax credits directly reduce your tax liability, making them a valuable tool for maximizing deductions. Refer examples & tax slabs for easy calculation.