Union Budget 2024 | No income tax for earnings up to Rs 3 lakh under new regime

New Delhi, 23/7: Finance Minister Nirmala Sitharaman on Tuesday tabled the Union Budget 2024-25 in the Lok Sabha.

 

Among the many announcements, she has proposed no income tax within earnings up to Rs 3 lakh per annum.

 

Here are other proposals she made regarding those opting for the new tax regime:

Rs 0-3 lakh: nil Rs 03-07 lakh: 5 per cent Rs 7-10 lakh: 10 per cent Rs 10-12 lakh: 15 per cent Rs 12-15 lakh: 20 per cent above Rs 15 lakh: 30 per cent