Tax Brackets 2024 India. Check out the latest income tax slabs and rates as per the new tax regime and old tax regime. Be it the old tax regime slabs or the new ones, the income tax slabs of india embody a mechanism through which individual taxpayers in india pay their income tax, based.
The income tax act is applicable to the whole of india and has been effective since. The standard deduction limit has been increased to rs 75,000 under the new tax regime.