What Are The New Tax Brackets For 2024 Game

What Are The New Tax Brackets For 2024 Game. They will now pay 5% tax instead of 10% earlier. The changes in the income tax slabs raised the upper limit in two slabs by rs 1 lakh.

Apart from tweaking income tax slabs, some changes were also made in the new tax regime. In 2024, the income limits for every tax bracket and all filers will be adjusted for inflation and will be as follows (table 1).