2024 Tax Rates And Deductions Available. The federal income tax has seven tax rates in 2024: Highlights include revised tax slabs, increased deductions, and simplified.
Once you figure out which tax slab you fall into per your tax regime, it becomes easier to calculate and file taxes, evade charges, and avail of deductions or. This article summarizes income tax rates, surcharge, health & education cess, special rates, and rebate/relief applicable to various categories of persons viz.