New Tax Brackets For 2024 Vs 2024 India. An individual has to choose between new and old tax regime to calculate their income tax liability, subject to certain conditions. Changes announced in the new tax regime in budget 2024.
Finance minister nirmala sitharaman has hiked standard deduction to rs 75,000 and tweaked tax slabs under the new. If an individual taxpayer has an income of rs 6 crore, then under the revised new income tax regime, the tax.