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Income Tax Rate changed, Check new Income Tax Slab in 2024


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As part of the Budget 2024 presentation, the Finance Minister announced revisions to the new tax regime.

Revised Tax Structure

  • Income up to Rs 3 lakh: Nil
  • Income from Rs 3 lakh to Rs 7 lakh: 5%
  • Income from Rs 7 lakh to Rs 10 lakh: 10%
  • Income from Rs 10 lakh to Rs 12 lakh: 15%
  • Income from Rs 12 lakh to Rs 15 lakh: 20%
  • Income above Rs 15 lakh: 30%
Old vs New Income Tax Slab

Conclusion

These changes aim to provide relief and simplify the tax structure for taxpayers.

4 Comments

  1. Since long required relief not increased as a result saving of middle class decreased. GOI should have to take call in the interest of economic growth of India

  2. Introduce 80c releif in new regime also so that who has taken home loans will get some interest relief introduce that home.loan to new regime also

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