New regime tax slabs:
No tax would be levied for income up to ₹3 lakh

-Income between ₹3-6 lakh would be taxed at 5% (tax rebate under Section 87A is available)

-Income between ₹6-9 lakh would be taxed at 10% (tax rebate under Section 87A on income up to ₹7 lakh is available)

-Income between ₹9-12 lakh at 15%

-Income between ₹12-15 lakh at 20%

-Income of ₹15 lakh and above will be taxed at 30%

The tax rates in the new tax regime are the same for all categories of Individuals, i.e. Individuals, Senior citizens, and Super senior citizens.

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No Income Tax till Rs 7 lakh income #Budget2024

India's Budget In Key Sectors For FY25.

Defense - 6.2 lakh crore
Road Transport - 2.78 lakh crore
Railways - 2.55 lakh crore
Consumer Affairs - 2.13 lakh crore
Home Affairs - 2.03 lakh crore
Rural Development - 1.77 lakh crore
Agriculture - 1.27 lakh crore

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