New Tax Brackets 2024 Compared To 2024 India. New tax regime) here’s a brief table summarizing the tax brackets in india for the old and the new tax regimes for financial. Individuals earning up to ₹3 lakh annually do not have to pay any income tax.

In india, income tax is calculated using income tax slabs and rates for the applicable financial year (fy) and assessment year (ay). The finance minister of india outlines these slab rates.