Tax Rebate 2024. The budget 2024 has made significant changes to the tax slabs in the new regime, offering taxpayers an additional chance to reduce their tax liability by up to rs. Use this tool to find out what you need to do if you paid too much on:.

In a major relief to taxpayers, the finance minister in the union budget 2024 has introduced a new tax regime that allows individuals with income up to rs 7.75 lakh. In the new income tax regime, the rebate eligibility threshold is set at rs 7,00,000, allowing taxpayers to claim a rebate.