Personal Income Tax Rates 2024. Income up to ₹2.5 lakh: Money deadlines in june 2024:
In 2024, the income limits for all tax brackets and all filers will be adjusted for inflation and will be as follows (table 1). This june, several financial changes are on the horizon.
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Rebate under section 87a increased to taxable income of rs 7 lakh (tax rebate of 25,000) from 5 lakh (tax rebate of rs 12,500) income tax slabs under old tax regime.
Income From ₹2.5 Lakh To ₹5 Lakh:
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These Changes Are Now Law.
Check out the latest income tax slabs and rates as per the new tax regime and old tax regime.
The Calculator Reflects Known Rates As Of January 15, 2024.
Rebate under section 87a increased to taxable income of rs 7 lakh (tax rebate of 25,000) from 5 lakh (tax rebate of rs 12,500) income tax slabs under old tax regime.
The Highest Surcharge Rate Of 37% Reduced To 25% In The New Regime.