Income Tax Rates For Ay 2024-24

Income Tax Rates For Ay 2024-24. Learn about the options available to taxpayers and make. For ya 2023, it’s important to note that the tax rates have been amended under budget 2023, with a reduction of 2% for those who fall under the m40 income group, and an increase of between 0.5% to 2% for selected higher income brackets.

For the fiscal year spanning from 2023 to 2024, the income tax slabs and the corresponding income tax rates are outlined in the. The top marginal income tax rate of 37 percent will hit.