The Union Government has revised the tax slabs under the new tax regime in its 2024-25 budget.
As per revised Tax slabs below benefits have been provided
– Income tax saving up to 17500 provided for salaried employees in the new tax regime.
– Standard deduction for salaried employees increased from ₹50000 to ₹75000
– Deduction on family pension for pensioners to be increased from ₹15000 to ₹25000
Below are the revised tax slabs as per union budget 2024-25
| Income | New tax regime slab |
| Up to Rs 3 lakh | Nil |
| From Rs 3 lakh to Rs 6 lakh | 5% |
| From Rs 6 lakhs to Rs 9 lakh | 10% |
| From Rs 9 lakh to Rs 12 lakh | 15% |
| From Rs 12 lakhs to Rs 15 lakh | 20% |
| Above Rs 15 lakh | 30% |
| Source: Budget 2023-24 |
