Tax Brackets 2024 Explained Pdf. The new tax regime introduced in budget 2023 offers lower tax rates but does not allow most of the deductions and exemptions available under the old tax regime. 1% on income up to $10,142.
The new tax regime introduced in budget 2023 offers lower tax rates but does not allow most of the deductions and exemptions available under the old tax regime. 1% on income up to $10,142.
1% On Income Up To $10,142.
6% on income from $38,960 to $54,3081.
Calculate Your Personal Tax Rate Based On Your Adjusted Gross Income For The Current Tax Year.
2% on income from $10,143 to $24,684.
These Tax Brackets Will Change For Each Filing Status And State.
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The New Tax Regime Introduced In Budget 2023 Offers Lower Tax Rates But Does Not Allow Most Of The Deductions And Exemptions Available Under The Old Tax Regime.