2024 Income Tax Rates. 2024 federal income tax rates. Your taxable income is your income after various deductions, credits, and exemptions have been.


2024 Income Tax Rates

This article summarizes income tax rates, surcharge, health & education cess, special rates, and rebate/relief applicable to various categories of persons viz. The federal income tax has seven tax rates in 2024:

2024 Federal Income Tax Rates.

Total income ( rs.) 1.

Cess Will Be Levied At 4% On Income Tax Amount.

10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent, and 37 percent.

Taxpayers Can Now Choose To Pay Income Tax At Lower Rates Under The New Tax Regime Slabs On The Condition That They Withdraw From Being Considered For Specific.

Images References :

Range Of Income ( Rs.) 3.

The federal income tax has seven tax rates in 2024:

Whether Opting For Taxation Under Section ?

Check out the latest income tax slabs and rates as per the new tax regime and old tax regime.

The New Tax Rates Under The New Tax Regime Will Be Applicable For Incomes Earned Between April 1, 2023 And March 31, 2024.