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Budget 2024: No tax rate changes

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Budget 2024: No tax rate changes

In the realm of budgets, the salaried class eagerly anticipates income tax rebates. During the presentation of the Interim Budget 2024 on February 1, 2024, Finance Minister Nirmala Sitharaman opted to maintain the existing tax slab rates for both the new and old income tax regimes. In her Budget speech, she adhered to convention, stating, "I do not propose to make any changes relating to taxation and propose to retain the same tax rates for direct taxes and indirect taxes, including import duties." This announcement provides continuity in the tax structure, addressing the expectations of the salaried class regarding income tax rebates.

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