New Tax Brackets 2024 India

New Tax Brackets 2024 India. Budget 2024, which was an interim budgext, did not see any changes in the income tax slabs or income tax rates by finance minister nirmala. Surcharge will be applicable on incomes.

The income tax slab in india specify the applicable rates for different income brackets and vary based on residential status, age,. The current tax slabs, established in 2013, have seen minimal adjustments, with the basic exemption limit last raised to rs 2.5 lakhs in 2015.