2024 Tax Rates. The indian income tax system offers two regimes: In 2024, the income limits for every tax bracket and all filers will be adjusted for inflation and will be as follows (table 1).
Key changes include a raised standard deduction of โน75,000 for salaried individuals, an increased family pension deduction, and a higher deduction for employer contributions to the national pension system (nps). Choosing the right one can maximise your savings.