Union Budget 2024 Income Tax Slabs

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These proposed changes aim to provide tax relief, simplify the tax system, and promote compliance among taxpayers, Here are the detailed points regarding the Income Tax Slab.

Income up to Rs. 3 lakh

The Tax in this slab is Nil.

1

Dashed Trail

Income from Rs. 3 lakh to Rs. 7 lakh

The Tax in this slab is 5% tax.

2

Dashed Trail

Income from Rs. 7 lakh to Rs. 10 lakh

The Tax in this slab is 10% tax.

3

Dashed Trail

Income from Rs. 10 lakh to Rs. 12 lakh

The Tax in this slab is 15% tax.

4

Dashed Trail

Income from Rs. 12 lakh to Rs. 15 lakh

The Tax in this slab is 20% tax.

5

Dashed Trail

Income above Rs. 15 lakh

The Tax in this slab is 30% tax.

6

Dashed Trail