Individual Tax Rates 2024-25. This article summarizes income tax rates, surcharge, health & education cess, special rates, and rebate/relief applicable to various categories of persons viz. These changes are now law.
On 25 january 2024, the government announced changes to individual income tax rates and thresholds from 1 july 2024. Surcharge rates also apply, ranging from 10% to 25% based on income slabs.