Business

Income Tax Day 2024: What are the new slabs after Budget 2024?

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Income up to Rs 3 lakh

The tax is NIL.

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Income from Rs 3 lakh to Rs 7 lakh

The tax rate is 5%
 

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Income from Rs 7 lakh to Rs 10 lakh

The tax rate is 10%

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Income from 10 lakh to Rs 12 lakh

The tax rate is 15%
 

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Income from 12 lakh to Rs 15 lakh

The tax rate is 20%

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Income above 15 lakh

The tax rate is 30%

Image credits: Freepik
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