Budget announces new income tax slabs. Major relief for salaried class

Srinagar: Budget 2024-25 has introduced new income tax slabs, providing a major relief for the salaried class.

The revised tax structure under the new regime is as below:

0- 3 lakh – Nil;

3-7 lakh – 5% ;

7-10 lakh – 10% ;

10-12 lakh – 15%;

12-15 lakh – 20%; and

Above 15 lakh – 30%

 

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