2024 Tax Rates And Standard Deduction Under. Finance minister nirmala sitharaman revises tax slabs, increases standard deductions, and introduces threshold for reporting movable assets. The top marginal income tax rate of 37 percent will hit taxpayers with taxable income above $609,350 for single filers and above $731,200 for married couples filing jointly.
Learn about the options available to taxpayers and make informed decisions to optimize tax efficiency. Additionally, for pensioners, a deduction on family pension has been increased from โน15,000 to โน25,000.