What Are The Tax Brackets For 2024 By Income Tax Act. Compare the income tax slabs and rates for the new and old tax regimes for individuals, senior citizens and domestic companies in india. 29, 2024, as the official start date of the nation's 2024 tax.

The income tax brackets are decided in the financial bill which is passed by the parliament for every financial year. The finance minister, nirmala sitharaman, did not change the income tax slabs for the upcoming financial year 2024.