2024 Income Tax Brackets And Tax Rate In India. Every month your employer will deduct a certain amount from your salary so as to pay the government taxes on your behalf. Income slab old tax regime (age < 60 years & nris)
There are five different tax slabs, with the highest tax rate of 30% for income exceeding rs. โ taxpayers can now choose to pay income tax at lower rates under the new tax regime slabs on the condition that they withdraw from being considered for specific exemptions and deductions.
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