Drusy Honoria

2024 Tax Rates And Standard Deductions Table. Nirmala sitharaman on tuesday announced that the standard deduction limit under the new tax regime has been revised to rs 75,000 from the existing rs. The following table illustrates the.

There are seven income tax rates for the 2024 tax year, ranging from 10% to 37%. These exemptions and deductions are not available in the new tax regime, which features lower tax rates but fewer deductions and exemptions.