2024 Tax Brackets Vs 2024

2024 Tax Brackets Vs 2024. Taxpayers can now choose to pay income tax at lower rates under the new tax regime slabs on the condition that they withdraw from being considered for specific. In india, income tax is calculated using income tax slabs and rates for the applicable financial year (fy) and assessment year (ay).

There are seven (7) tax rates in 2024. In india, income tax is calculated using income tax slabs and rates for the applicable financial year (fy) and assessment year (ay).