Income Tax Bracket 2024. 2024 federal income tax rates. Federal income tax brackets are projected to see a modest increase in 2025 and is down from increases seen in previous years.
This article summarizes income tax rates, surcharge, health & education cess, special rates, and rebate/relief applicable to various categories of persons viz. An individual has to choose between new and old tax regime to calculate their income tax liability, subject to certain conditions.