Income Tax Rates For Ay 2024-25 202425 Tax Rates. India's income tax system is progressive, meaning tax rates increase with higher income levels. A new tax regime was introduced in budget 2020 wherein the tax slabs were altered, and taxpayers were offered concessional tax rates.

Through a direct comparison of the old and new regimes, including detailed budget 2024 income tax slabs and rates, the article aims to provide taxpayers with the necessary information to make informed financial. Refer examples and tax slabs.