2024 Tax Rates And Deductions Table. Capital gains tax regime changed In the current financial year 2024, following the changes implemented in budget 2023, the maximum surcharge rate in the new tax regime for incomes over rs 5 crore has been reduced to 25% from the previous 37%, with this adjustment taking effect from april 1, 2023.
The highest earners fall into the 37% range, while those who earn the least are in the. Any person paying income is responsible to deduct tax at source and deposit tds within the stipulated due date.
2024 Tax Rates And Deductions Table Images References :