Tax Brackets For 2024 Tax Year. An individual has to choose between new and old tax regime to calculate their income tax liability, subject to certain conditions. Under the old tax regime, individual taxpayers (below 60 years) earning an annual income of up to inr 2.5 lakh.
In india, income tax is calculated using income tax slabs and rates for the applicable financial year (fy) and assessment year (ay). See current federal tax brackets and rates based on your income and filing status.
Tax Brackets For 2024 Tax Year Images References :