Income Tax Budget 2024: In the Budget, one of the things that the middle class eagerly anticipates is the Finance Minister (FM) playing Santa by lowering tax rates. However, during the presentation of the interim Budget 2024 on Thursday, FM Nirmala Sitharaman announced that the tax slabs would remain unchanged for both the new and old tax regimes. "Keeping with the convention, 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," Sitharaman said in her Budget speech.