Budget 2024 Income Tax Slab. The fm has given some relief to taxpayers by hiking tax slabs for personal income tax. Standard deduction in the new tax regime will be increased from rs 50,000 to rs 75,000, finance minister nirmala sitharaman said tuesday as she announced the 2024 union.

The new tax slab will now have nil tax up to an income of ₹3. Finance minister nirmala sitharaman announced a marginal income tax relief for the middle class while presenting union budget 2024;