Tax Brackets 2024/25

Tax Brackets 2024/25. Recently, in budget 2024, the government has revised the slab rates for taxpayers under new tax regime and increased the standard deduction benefit to. How much income tax you pay in each tax year depends on:

You report and pay class 1a on expenses and benefits at the end of each tax year. The tax rates applicable to different categories of taxpayers, such as individuals, hufs,.