Eddy Nerita

Tax Brackets For 2024 Tax Year In India. The changes in income tax slabs of new tax regime were announced in july 2024 as government presented its full budget after the lok sabha elections 2024. Under the income tax act, 1961, the percentage of income payable as tax is based on the amount of income you’ve earned during a year.

Under the income tax act, 1961, the percentage of income payable as tax is based on the amount of income you’ve earned during a year. By providing inputs with respect to income (s) earned and deductions claimed as per the act.