2024 Tax Slab India. 25% of income tax if total income exceeds ₹2 crore but does not exceed ₹5 crore. A surcharge of 7% of tax for total income between ₹1,00,00,000 and ₹10,00,00,000.
Here are the latest income tax slabs that will be effective for the current financial year after budget 2024. The tax slab in india was introduced to enable a fair tax system in the country.