Interim Budget 2024: Here’s the latest on income tax slabs and rates for new and old tax regimes

Union Finance Minister Nirmala Sitharaman, during the presentation of the Interim Budget 2024-25 on Thursday, left the existing tax slab rates unchanged for both new and old income tax regimes.

The government has reduced and rationalised tax rates. Under the new tax scheme, there is now no tax liability for taxpayers with income up to Rs 7 lakh.

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Interim Budget 2024: Here’s the latest on income tax slabs and rates for new and old tax regimes - BusinessToday
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Interim Budget 2024: Here’s the latest on income tax slabs and rates for new and old tax regimes - BusinessToday

Experts express hope of pragmatic concessions for individual taxpayers sooner rather than later