Personal Income Tax Rate 2024. Through a direct comparison of the old and new regimes, including detailed budget 2024 income tax slabs and rates, the article aims to provide taxpayers with the. Under section 115bac, individuals, hufs, aops, bois, and artificial juridical persons are taxed at progressive rates starting from nil for incomes up to rs.

Finance minister nirmala sitharaman revises tax slabs, allowing salaried employees to save up to ₹17,500 in income taxes. To achieve greater progressivity, the top marginal personal income tax rate will be increased with effect from ya 2024.