Tax Brackets For 2024 Tax Return. The federal income tax has seven tax rates in 2024: Your bracket depends on your taxable income and filing status.


Tax Brackets For 2024 Tax Return

In 2024, the income limits for every tax bracket and all filers will be adjusted for inflation and will be as follows (table 1). In the 2024 budget, finance minister nirmala sitharaman announced the following tax slabs under the new tax regime:

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