New Tax Brackets For 2024 In India.  — income above rs 10 lakh is taxed at 30%, with a base amount of rs 1,12,500. 22 august 2024 the finance minister of india presented the finance (no.

Income slab old tax regime.  — 25% of income tax if total income exceeds ₹2 crore but does not exceed ₹5 crore.