2024 Tax Brackets. The seven federal income tax brackets for 2024 are 10%, 12%, 22%, 24%, 32%, 35% and 37%. Some areas include changes in rates of tds, changes in rates of stt, introduction of schemes etc.

Read on to know the latest announcements made by the finance minister in budget 2024 today. Your taxable income is your income after various deductions, credits, and exemptions have been applied.