GUWAHATI: Finance Minister Nirmala Sitharaman during the Union Budget 2024-25 introduced new income tax slabs under the revised tax regime.
ALSO READ: Custom Duty On Gold, Silver & Platinum Proposed To Be Reduced
The updated tax brackets aim to provide relief to taxpayers and simplify the tax structure.
The new tax slabs are as follows:
Income up to ₹3 lakh: Nil
Income from ₹3 lakh to ₹7 lakh: 5%
Income from ₹7 lakh to ₹10 lakh: 10%
Income from ₹10 lakh to ₹12 lakh: 15%
Income from ₹12 lakh to ₹15 lakh: 20%
Income above ₹15 lakh: 30%
