Budget 2024 Income Tax Relief. As per the old regime, income tax exemption limit is applicable on income up to ₹ 2.5 lakh for individuals while under the new regime, exemption limit is on income up to ₹ 3 lakh. Income tax slabs, union budget 2024 highlights:

While an increase to the rate of income tax has been ruled out, ms reeves could decide to push the freeze on income thresholds beyond its current expiry date of. During budget 2024 speech, the finance minister nirmala sitharaman announced the removal of disputed direct tax demands up to rs 25,000, aiming to provide.