Dyanna Devonne

Tax Brackets 2024 India And Usa. The income tax slab in india specify the applicable rates for different income brackets and vary based on residential status, age, and type of taxpayer. Check out the latest income tax slabs and rates as per the new tax regime and old tax regime.

In india, income tax is calculated using income tax slabs and rates for the applicable financial year (fy) and assessment year (ay). Your bracket depends on your taxable income and filing status.