Tax Slab 2024-24 New Regime. The new regime offers lower tax. The new tax income tax slabs in the new tax regime will be effective from april 1,2024 once the budget is passed by parliament and receives presidential assent.
Explore the changes in the new tax regime and rates after the budget 2024 announcements. 2) tax rebate under section 87a increased from rs 5 lakh to rs 7 lakh.