Image Credit: The Economic Times

Feb 02, 2024

Is There Any Change in Tax Slab in Budget 2024?

By: Bhumi Shrivastava

Budget 2024

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Finance Minister retains existing tax rates for both old and new regimes.

Unchanged Tax Slabs

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Middle class hoped for tax reforms amidst global economic uncertainties but faces disappointment.

Expectations vs Reality

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Tax brackets detailed from ₹3 lakh to ₹15 lakh, reflecting income tiers.

New Regime Slabs

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Overview of tax structures varying from exemptions to 30% rates.

Old Regime Breakdown

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Exemption limits clarified for different age groups under the old regime.

Senior Citizens

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Complete budget to be presented post-election in July, leaving room for possible changes.

Future Outlook

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