Income Tax Rates 2024. Make new tax regime the default tax regime for the assessee being an individual, huf, aop.  — the tax cuts trump campaigned in 2016 on a promise to slash tax rates.

Updated as per latest budget on 23 july, 2024. 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent, and 37 percent.