Income Brackets 2024. In india, income tax is calculated using income tax slabs and rates for the applicable financial year (fy) and assessment year (ay). 10%, 15%, 25%, 28%, 33%, 35%, and 39.6%.
For 2024, the seven federal income tax rates are 10%, 12%, 22%, 24%, 32%, 35% and 37%. 2024 federal income tax rates.