Tax Slab 2024-25 New Regime. In addition to the basic tax rates, a surcharge and cess are applicable: Deductions and exemptions under the new tax regime slabs.

It is important to note that the changes in the income tax slabs under the new tax regime are effective from april 1, 2024, i.e., for the ongoing fiscal year, 2024. Says t manish, research analyst, samco securities, fm announces revised tax rate under new tax regime, apart from the above slab revisions, the.