2024 Tax Rates And Deductions. The 2023 tax year—meaning the return you’ll file in 2024—will have the same seven federal income tax brackets as the last few seasons: The document outlines the special tax rates applicable to certain capital gains and incomes derived from specific securities under indian tax laws.
In today’s budget 2024, the finance minister nirmala sitharaman has made changes in the income tax slabs and rates for the current. The budget 2024 announced a rs.25,000 hike in the standard deduction under the new regime.