Ruby Teriann

New Tax Brackets For 2024 Vs 2024 Income Tax. For tax year 2024, the top tax rate remains 37% for individual single taxpayers with incomes greater than $609,350 ($731,200 for married couples filing. There are seven (7) tax rates in 2024.

Standard deduction limit for salaried and pensioners hiked to rs 75,000 from rs 50,000. In 2024, the income limits for every tax bracket and all filers will be adjusted for inflation and will be as follows (table.