2024 Tax Rates By Income Taxation.  — the seven federal income tax brackets for 2024 are 10%, 12%, 22%, 24%, 32%, 35% and 37%. It applies only to individuals with at least $100 million in wealth who do not pay at least a 25% tax rate on their income (inclusive of unrealized capital gains).

Highlights include revised tax slabs, increased deductions, and simplified taxation. Check out the latest income tax slabs and rates as per the new tax regime and old tax regime.