While we are at the dawn of New Year 2024, with revived hopes, aspirations, tasks and goals, it is of interest and review, knowledge and update to know New Tax slabs under New Tax Regime. The complete article is an elaborate document which can be downloaded by you clicking the link in this post, here is a quick summary of what interests most to everyone, that is: Income tax slabs for FY2023-24 under the new tax regime and which are as following:
| Income tax slabs (In Rs) | Income tax rate (%) |
| 0-3,00,000 | 0 |
| 3,00,001-6,00,000 | 5 |
| 6,00,001-9,00,000 | 10 |
| 9,00,001-12,00,000 | 15 |
| 12,00,001-15,00,000 | 20 |
| Above 15,00,000 | 30 |
The changes in the income tax slabs under the new tax regime have made it more attractive as compared to the old tax regime. The changes will be beneficial for those who are unable to make tax-saving investments and expenditures in the old tax regime.
Please access and study the attached – downloadable complete article addressing the important Income Tax updates for 2024-25.