2024 Tax Slab India. Finance minister nirmala sitharaman revises tax slabs, allowing salaried employees to save up to ₹17,500 in income taxes. Budget 2024 income tax changes:

The general slab rates applicable in the case of an individual or huf are 5%, 20%, and 30%. The finance act, 2020 inserted a new section 115bac which provides for an alternative tax regime for individuals and huf.