Tax Brackets 2024 Explained For Employees

Tax Brackets 2024 Explained For Employees. The government of india levies additional charges on individual taxpayers (irrespective of age) whose annual income exceeds inr 50 lakh. Also, check the updated tax slabs for individuals.

10%, 12%, 22%, 24%, 32%, 35% and 37% (there is also a zero rate). Finance minister nirmala sitharaman announced changes to the new income tax regime during the union budget 2024 presentation, providing some relief to.