2024 Tax Rates By Income Taxation. The government has increased the standard deduction limit to rs 75,000, allowing the salaried class to save up to rs. Finance minister nirmala sitharaman, in budget 2024, relaxed the income tax slabs in the new tax regime for.

Get the information about the old and new income tax slabs for individuals, senior citizens and super senior. The federal income tax has seven tax rates in 2024: