New Income Tax Slabs Budget 2024. 2) income between ₹ 2.5 to ₹ 5 lakh is taxed at 5 per cent under the old tax regime. By revising income tax slabs and increasing deduction limits, the.

No tax for income up to rs 3 lakh 5% tax rate. The budget 2024 represents a significant step forward in reshaping the income tax landscape in india.