2024 Income Tax Brackets And Deductions. Recently, in budget 2024, the government has revised the slab rates for taxpayers under new tax regime and increased the standard deduction benefit to. 10%, 12%, 22%, 24%, 32%, 35% and 37% (there is also a zero rate).

10%, 12%, 22%, 24%, 32%, 35%, and 37%. Depending on your tax rate and filing status, you’ll owe different amounts on different parts of your income depending on your taxable income.