Budget 2024 Highlights On Income Tax: Revised Tax Slab In New Tax Regime

Tuesday, 23 July 2024
Income tax slab for AY 2024-25 for salaried person : As per FM's announcement, following will be the new tax slab in the New Tax Regime

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Video Credit: Oneindia - Published on July 24, 2024

News video: Budget 2024: New Income Tax Slabs & Rate Cuts Will Benefit the Middle Class?| Explained

Budget 2024: New Income Tax Slabs & Rate Cuts Will Benefit the Middle Class?| Explained 05:45

Finance Minister Nirmala Sitharaman revised tax slabs in the new regime, expanding the first taxable bracket from ₹3-6 lakh to ₹3-7 lakh, while maintaining the 5% tax rate. Standard deductions were increased, but details weren't provided. No changes were made for incomes below ₹3 lakh, the...

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