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Union Budget 2024: No change in income tax old regime, know what it means for middle class

DNA Tuesday, 23 July 2024
Union Finance Minister Nirmala Sitharaman made history by presenting her seventh consecutive Budget on Tuesday, surpassing the record of former Prime Minister and Finance Minister Morarji Desai.
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Video Credit: Oneindia - Published
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 β‚Ή3-6 lakh to β‚Ή3-7 lakh, while maintaining the 5% tax rate. Standard deductions were increased, but details weren't provided. No changes were made for incomes below β‚Ή3 lakh, the...

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