Tax Brackets 2024 Individual. Through a direct comparison of the old and new regimes, including detailed budget 2024 income tax slabs and rates, the article aims to provide taxpayers with the. The government of india levies additional charges on individual taxpayers (irrespective of age) whose annual income exceeds inr 50 lakh.
You pay tax as a percentage of your income in layers called tax brackets. Use the income tax estimator to work out your tax.