What Is The Tax Bracket For 2024 India. Make new tax regime the default tax regime for the assessee being an individual, huf, aop. The standard deduction limit has been increased from rs 50,000 to rs 75,000, and the tax slabs have been revised.

Currently, there are two income tax regimes from which a salaried. The government of india levies additional charges on individual taxpayers (irrespective of age) whose annual income exceeds inr 50 lakh.