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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 ₹3 lakh; a 5% tax will apply to incomes between ₹3 lakh and ₹7 lakh; a 10% tax for incomes between ₹7 lakh and ₹10 lakh; and a 15% tax for incomes between ₹10 lakh and ₹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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Budget 2025: वित्त मंत्री निर्मला सीतारमण (Finance Minister Nirmala Sitharaman) ने अगले हफ्ते एक नया इनकम टैक्स विधेयक (New Income Tax Bill) पेश करने की घोषणा की है. New Tax Regime के तहत 12 लाख तक की इनकम टैक्स फ्री कर दी गई है. क्या अब इसके बाद Old Tax Regime खत्म हो जाएगी? #budget #budget2025 #unionbudget #unionbudget2025 #FMSitharaman #PMModi #NirmalaSitharaman #IncomeTax #budgetexpectations #Taxslabs #GST #TaxRules #IncomeTaxSlabs #NewTaxRegime #OldTaxRegime #TaxinBudget2025 #ITR #incometaxfile #GDP #Economy #taxpayers #goodreturns #NewIncomeTax ~PR.147~ED.148~GR.124~HT.96~

Credit: Oneindia    Duration: 03:29Published

Lok Sabha Lok Sabha Lower house of the Parliament of India

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