New Budget 2024 Tax Slab Rate. 1) income up to ₹ 2.5 is exempt from taxation under the old tax regime. The new tax slabs under the new income tax regime will be effective from april 1, 2024.

2) income between ₹ 2.5 to ₹ 5 lakh is taxed at 5 per. 1) income up to ₹ 2.5 is exempt from taxation under the old tax regime.