Tax Brackets 2024 Individual. A surcharge of 7% of tax for total income between ₹1,00,00,000 and ₹10,00,00,000. The seven federal income tax brackets for 2024 are 10%, 12%, 22%, 24%, 32%, 35% and 37%.
In india, income tax is calculated using income tax slabs and rates for the applicable financial year (fy) and assessment year (ay). Check out the latest income tax slab for salaried, individuals and senior citizens by the it department.