New Budget 2024 Tax Slab. What are income tax slabs announced in the new tax regime in budget 2024? The finance minister has increased the lowest slab in the new tax regime to ₹3 lakh, up from the previous threshold of ₹2.5 lakh.
The new income tax slabs in the new tax regime will become effective on april 1, 2024, once. Finance minister nirmala sitharaman announced a marginal income tax relief for the middle class while presenting union budget.