Budget 2024 Highlights On Income Tax: Revised Tax Slab In New Tax Regime

Finance Minister Nirmala Sitharaman revised tax slabs in the new regime, expanding the first taxable bracket from ₹3-6 lakh to ₹3-7 lakh, while maintaining the 5% tax rate. Standard deductions were increased, but details weren't provided. No changes were made for incomes below ₹3 lakh, the ₹12-15 lakh slab, or incomes above ₹15 lakh. These adjustments aim to benefit the middle class by potentially reducing their tax burden. However, the full impact depends on individual financial situations and requires further analysis. #BudgetBihar #Biharnews #AndhraPradesh #Budget2024 #NirmalaSitharaman #Sitharaman #FMSitharaman #PMModi #Modinews #Budgetlive #BudgetSessionlive #LokSabhaLive #Indianews #Oneindia #Oneindianews #BudgetWithOneindia ~PR.320~ED.346~GR.125~HT.96~

Income Tax Expecations Budget 2024: To provide further tax relief to the salaried taxpayers while keeping the tax system simple, there is expectation that the...

Budget 2024 income tax expectations: To further enhance attractiveness of the new tax regime, there is the expectation to tweak the tax slab rates by increasing...

Budget 2024 income tax expectations: It is anticipated that the government may raise the income tax exemption limit to Rs 5 lakh from the current Rs 3 lakh limit...