Income Tax Rate 2024 Individual. The government has increased the standard deduction limit to rs 75,000, allowing the salaried class to save up to rs 17,500 in taxes under the new regime. Surcharge rates also apply, ranging from 10% to 25% based on income slabs.
Tax rates 2024 last updated: This article summarizes income tax rates, surcharge, health & education cess, special rates, and rebate/relief applicable to various categories of persons viz.