Income Tax Bracket Change 2024 In India. Check here for the latest income tax slabs & details of different income tax regimes for tax slabs in india. The finance minister nirmala sitharaman is set to present the union budget 2024 on july 23.

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. This structure clearly shows how taxes are calculated at each income slab, ensuring a progressive tax rate that increases with higher income brackets.