2024 Income Tax Brackets Mfj India.  — be it the old tax regime slabs or the new ones, the income tax slabs of india embody a mechanism through which individual taxpayers in india pay their income tax,. You pay tax as a percentage of your income in layers called tax brackets.

Highlights include revised tax slabs, increased deductions, and simplified. The tax rates applicable to different categories of taxpayers, such as individuals, hufs,.