Tax Brackets 2024. The marginal rates — 10%, 12%, 22%, 24%, 32%, 35% and 37% — remain unchanged from 2023. Your taxable income is your income after various deductions, credits, and exemptions have been.

The current tax year is from 6 april 2024 to 5 april 2025. The income tax slab in india specify the applicable rates for different income brackets and vary based on residential status, age, and type of taxpayer.