Union Budget 2024 Income Tax. The budget introduces personal income tax relief for four crore salaried and pensioners under the new tax regime, with the standard deduction increased to ₹75,000 from. In a major relief to taxpayers, the finance minister in the union budget 2024 has introduced a new tax regime that allows individuals with income up to rs 7.75 lakh to pay zero.
The current slabs for the new tax regime are as follows: Presenting union budget 2024, the first national budget in the third consecutive term of the narendra modi government, union finance minister nirmala sitharaman.
