2024 Income Tax Brackets And Deductions India

2024 Income Tax Brackets And Deductions India. Click to view tax helpline. In india, income tax is calculated using income tax slabs and rates for the applicable financial year (fy) and assessment year (ay).

In this article we have discussed income tax deduction available to taxpayers from various sources of income for a.y. An individual has to choose between new and old tax regime to calculate their income tax liability, subject to certain conditions.