Income-tax slab structure revised for individuals and specified persons, changing rate bands and applicability from the next assessment years. Amendment to section 115BAC substitutes sub-section (1A) to prescribe two distinct rate tables for computing income-tax payable: one for the previous year relevant to the assessment year beginning April 1, 2024, and a revised table for previous years relevant to assessment years beginning on or after April 1, 2025; the substitution applies to individuals, HUFs, associations or bodies of individuals, and specified artificial juridical persons, excluding co-operative societies and persons who have exercised the option under the referenced subsection.