What Are The Income Tax Brackets For 2024 And 2025. Understand the 2024 tax brackets and how they affect your taxable income. Benefits of the new tax regime:

The enhanced surcharge of 25% or 37% is not levied, on income by way of dividend or from income. In india, income tax is calculated using income tax slabs and rates for the applicable financial year (fy) and assessment year (ay).