New 2024 Tax Brackets Vs 2024 Tax Brackets. However, under the new tax system, the highest surcharge rate of 37% was lowered to 25% in budget 2024. In 2024, the income limits for every tax bracket and all filers will be adjusted for inflation and will be as follows (table 1).
The irs adjusted 2025 tax brackets for inflation, increasing income thresholds by about 2.8% from 2024, allowing more income to be taxed at lower rates. What are income tax slabs announced in the new tax regime in budget 2024?
