Tax Rate 2024 Lhdn India. The income slabs keep changing from year to year. Tax deduction at source (tds) is one of the important compliances of income tax.
This structure clearly shows how taxes are calculated at each income slab, ensuring a progressive tax rate that increases with higher income brackets. Finance minister nirmala sitharaman’s union budget 2024 introduced some major changes to the new income tax regime, aimed at boosting consumer spending.