Dynamite News Union Budget 2024: Revision in personal income tax slabs
For those opting for the new tax regime, the standard deduction for salaried employees to be increased from Rs 50,000 to Rs 75,000. Read further on Dynamite News:
New Delhi: Finance Minister Nirmala Sitharaman on Tuesday announced new structure in Budget 2024 in personal income tax slabs.
The tax structure in new tax regime is proposed as follows:
₹0 - Rs3 lakh will not pay taxes.
Also Read |
"Trinity of democracy, demography and diversity can fulfill aspirations of every Indian": Nirmala Sitharaman
Rs3 lakh - Rs7 lakh: 5%.
Rs7 lakh - ₹10 lakh: 10%.
Rs10 lakh - Rs12 lakh: 15%.
Also Read |
Union Budget 2024: Sitharaman announces special packages for Bihar and Andhra
For those opting for the new tax regime, the standard deduction for salaried employees to be increased from Rs 50,000 to Rs 75,000.