Budget 2024: Budget 2024: FM Sitharaman Unveils Game-Changing Overhaul in Personal Income Tax Slabs

Video Credit: Oneindia

Published on July 23, 2024 - Duration: 03:14s

Budget 2024: Budget 2024: FM Sitharaman Unveils Game-Changing Overhaul in Personal Income Tax Slabs

On July 23, Finance Minister Nirmala Sitharaman announced significant revisions to personal income tax rates under the new tax regime during the presentation of the Annual Budget 2024 in Lok Sabha.

The new tax slabs are designed to provide relief to taxpayers and simplify the tax structure: no tax will be levied on annual incomes up to ₹3 lakh; a 5% tax will apply to incomes between ₹3 lakh and ₹7 lakh; a 10% tax for incomes between ₹7 lakh and ₹10 lakh; and a 15% tax for incomes between ₹10 lakh and ₹12 lakh.

These changes aim to benefit a broad section of taxpayers and enhance the overall ease of compliance.

#BudgetWithOneindia #NirmalaSitharaman #IncomeTax #PersonalIncomeTaxSlabs #NewTaxSlab #IncomeTaxSlabsAnnounced #PMModi #PMModiHailsUnionBudget #PMModiHailsBudget2024 #UnionBudget2024 #NirmalaSitharaman #IndianEconomy #BudgetSpeech #PMModi #EconomicSurvey #FinanceMinister #ParliamentSession #HistoricBudget ~PR.152~ED.102~HT.334~

You are here

› Videos › Nirmala Sitharaman › Budget 2024: Budget 2024: FM Sitharaman Unveils Game-Changing Overhaul in Personal Income Tax Slabs

💡 newsR Knowledge: Other News Mentions

Nirmala Sitharaman

Indian economist and politician (born 1959)

“Court me Jaiye…” FM Sitharaman's reply on Refund of money deposited in Sahara Group and PACL Ltd 09:04

Credit: Oneindia - Published on August 5, 2024

Budget 2024: Know Why S Jaishankar Called Modi 3.0 budget exceptionally important | Details 03:40

Credit: Oneindia - Published on July 24, 2024

Railway Minister Ashwini Vaishnav big claim shakes oppositions | Jammu and Kashmir given 3694 crore 04:05

Credit: Oneindia - Published on July 24, 2024

Budget 2024: New Income Tax Slabs & Rate Cuts Will Benefit the Middle Class?| Explained 05:45

Credit: Oneindia - Published on July 24, 2024

Union Budget 2024-25: Major Upgrades for Vishnupad & Mahabodhi Temples in Bihar | Oneindia News 03:18

Credit: Oneindia - Published on July 23, 2024

Lok Sabha

Lower house of the Parliament of India

'Leaders in Delhi never liked me...' Omar Abdullah alleges poll 'conspiracy'

Abdullah also indicated a possible political vendetta against him by political leaders in Delhi and highlighted the recent Lok Sabha elections.

Credit: DNA - Published 1 day ago

'People of Jammu and Kashmir were deprived of...': Rahul Gandhi presses for statehood ahead of Assembly polls in J-K

Congress leader and LoP in the Lok Sabha Rahul Gandhi addressed a rally in Jammu and Kashmir's Ramban and pressed for statehood for the union territory.

Credit: DNA - Published 4 days ago

WATCH| Jamaat-e-Islami Enters Kashmir Politics: Will Independents Assist BJP in Elections? 12:12

Credit: Oneindia - Published 1 week ago

Rahul Gandhi Addresses Meeting Restrictions and Delegation Concerns in Parliament Premises 03:00

Credit: Oneindia - Published on August 9, 2024

Waqf Bill Showdown: Kiren Rijiju's Controversial Statements, Push for Joint Parliamentary Committee 07:10

Credit: Oneindia - Published on August 8, 2024

Related videos from verified sources

Budget 2024: Mobile Phones, Chargers To Get Cheaper Or Costlier? Watch The Details 03:34

Video credit: Oneindia - Published on July 23, 2024

Budget 2024: Despite Bold Claims by Nirmala Sitharaman, Is Ground Reality Different?| Expert Talk 23:08

Video credit: Oneindia - Published on July 23, 2024

Budget 2024-25: Uttar Pradesh CM Yogi Adityanath Praises Sitharaman's Announcements | Oneindia News 03:07

Video credit: Oneindia - Published on July 23, 2024

You might like