Budget 2024 Income Tax Slab. It also increased the standard deduction limit to rs 75,000 from rs 50,000 under the. Finance minister nirmala sitharaman revises tax slabs, allowing salaried employees to save up to โน17,500 in income taxes.
Under the existing regimes of personal income tax, rates and slabs for the new income tax regime range from zero to 30 per cent. As expected, the central government neither tweaked nor put any additional tax burden on citizens, in the interim budget for 2024.