Jul 23, 2024, 01:55:22 PM | TOI.in
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Budget 2024: Big Relief To Indian Taxpayers | Changes In New Regime Slabs | Nirmala Sitharaman

Finance Minister Nirmala Sitharaman presented her 7th historic budget today. She announced changed to tax slabs under the new regime in a big relief for Indian taxpayers. The standard deduction has been hiked from ₹50,000 to ₹75,000. Also the tax slab limit for 5% tax rate was changed from ₹5 lakh to ₹7 lakh. The capital gains tax regime was completely revamped with tax rates being increased. Watch for more details.

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