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Budget 2024: Budget 2024: FM Sitharaman Unveils Game-Changing Overhaul in Personal Income Tax Slabs

Video Credit: Oneindia - Duration: 03:14s - Published
Budget 2024: Budget 2024: FM Sitharaman Unveils Game-Changing Overhaul in Personal Income Tax Slabs

Budget 2024: Budget 2024: FM Sitharaman Unveils Game-Changing Overhaul in Personal Income Tax Slabs

On July 23, Finance Minister Nirmala Sitharaman announced significant revisions to personal income tax rates under the new tax regime during the presentation of the Annual Budget 2024 in Lok Sabha.

The new tax slabs are designed to provide relief to taxpayers and simplify the tax structure: no tax will be levied on annual incomes up to тВ╣3 lakh; a 5% tax will apply to incomes between тВ╣3 lakh and тВ╣7 lakh; a 10% tax for incomes between тВ╣7 lakh and тВ╣10 lakh; and a 15% tax for incomes between тВ╣10 lakh and тВ╣12 lakh.

These changes aim to benefit a broad section of taxpayers and enhance the overall ease of compliance.

#BudgetWithOneindia #NirmalaSitharaman #IncomeTax #PersonalIncomeTaxSlabs #NewTaxSlab #IncomeTaxSlabsAnnounced #PMModi #PMModiHailsUnionBudget #PMModiHailsBudget2024 #UnionBudget2024 #NirmalaSitharaman #IndianEconomy #BudgetSpeech #PMModi #EconomicSurvey #FinanceMinister #ParliamentSession #HistoricBudget ~PR.152~ED.102~HT.334~


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Nirmala Sitharaman Nirmala Sitharaman Indian economist and politician (born 1959)

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