New Delhi, Jan. 8 -- In Budget 2024, Finance Minister Nirmala Sitharaman introduced changes to the income tax slabs to make the new tax regime more appealing to taxpayers. However, no such perks were announced in the July 2024 Budget for those who opted for the old tax regime.

Rs.0- Rs.3 lakh - Nil

Rs.3-7 lakh - 5%

Rs.7-10 lakh - 10%

Rs.10-12 lakh - 15%

12-15 lakh - 20%

Above Rs.15 lakh - 30%

1) Income up to Rs.2.5 is exempt from taxation under the old tax regime.

2) Income between Rs.2.5 to Rs.5 lakh is taxed at 5 per cent under the old tax regime.

3) Personal income from Rs.5 lakh to Rs.10 lakh is taxed at a rate of 20 per cent in the old regime

4) Under the old regime, personal income above Rs.10 lakh is taxed at a rate of 30...