Tax Slab Rates For Ay 2024-25. These rates will apply starting from the financial year beginning on or after april 1, 2025. Income tax rates applicable for individuals under 60 years of age in case of.
10% of income tax if total income > rs.50 lakh. The budget was presented in july instead of february due to the lok sabha elections 2024 held in april, may, and june, as opposed to the usual february presentation.