Attention Taxpayers: Latest Income Tax Slab Rates Announced!

Prepare for FY 2023-24 AY 2024-25

Stay informed about the upcoming changes in the income tax slabs for the financial year 2023-24 and assessment year 2024-25. The Ministry of Finance has released the revised tax rates, ensuring taxpayers are aware of their financial obligations.

Key Updates to Remember

Effective from April 1, 2024, the new tax slabs under the new income tax regime will be as follows:

• Up to ₹3 lakh: 0%
• ₹3 lakh to ₹6 lakh: 5%
• ₹6 lakh to ₹9 lakh: 10%
• ₹9 lakh to ₹12 lakh: 15%
• ₹12 lakh to ₹15 lakh: 20%
• Above ₹15 lakh: 30%