Budget 2024: No change in income tax slab announced. Here are the current new and old tax slabs
When it comes to Budget, the only thing that the salaried class looks forward to is the income tax rebate. Finance Minister Nirmala Sitharaman while presenting Interim Budget 2024 on 1 February 2024, kept the tax slab rates unchanged for both new and old income tax regimes.
-Income between Rs. 3-6 lakh would be taxed at 5 per cent (tax rebate under Section 87A is available)
-Income between Rs. 6-9 lakh would be taxed at 10 per cent (tax rebate under Section 87A on income up to Rs. 7 lakh is available)
-Income between Rs. 9-12 lakh at 15 per cent
-Income between Rs. 12-15 lakh at 20 per cent
-Income of Rs. 15 lakh and above will be taxed at 30 per cent.
