Tax Brackets 2024 2024 Lok. The government of india levies additional charges on individual taxpayers (irrespective of age) whose annual income exceeds inr 50 lakh. An individual has to choose between new and old tax regime to calculate their income tax liability, subject to certain conditions.

Read the article to know the income tax. Here are the 2024 tax brackets, for tax year 2024 (returns filed in 2025).