What Are The Tax Brackets For 2024-25 2024 25 Single
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What Are The Tax Brackets For 2024-25 2024 25 Single. No tax is payable on income. In its announcement tuesday, the agency raised the income thresholds for each bracket, which applies to tax year 2025 for returns filed in 2026.
The highest surcharge rate of 37% was earlier applicable if total taxable income exceeded rs 5 crore under new tax regime. There are five different tax slabs, with the highest tax rate of 30% for income exceeding rs.
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