New Income Tax Brackets For 2024 Schrikkeljaar

New Income Tax Brackets For 2024 Schrikkeljaar. In 2024, the income limits for every tax bracket and all filers will be adjusted for inflation and will be as follows (table 1). Benefits of the new tax regime:.

Individuals, including senior and super senior citizens, are taxed according to a progressive slab system, with rates ranging from 5% to 30%, depending on their income. Benefits of the new tax regime:.