Individual Income Tax Rates 2024

Individual Income Tax Rates 2024. 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent, and 37 percent. Check out the latest income tax slab for salaried, individuals and senior citizens by the it department.

Previously, they could reassess cases up to 10 years old. Individuals with a net taxable income of up to rs 5 lakh qualify for a tax rebate under section 87a, resulting in zero tax liability.