Revised Tax Slabs Under New Regime Announced By Union Budget 2024

02:08 PM Jul 23, 2024 | G Plus News

 

GUWAHATI: Finance Minister Nirmala Sitharaman during the Union Budget 2024-25 introduced new income tax slabs under the revised tax regime.

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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%