Tax Brackets 2024 India Old Regime. Get the information about the old and new income tax slabs for individuals, senior citizens and super senior. At a rs 20 lakh salary level, for an individual availing rs 4 lakh as deductions and exemptions (including common ones like.
Under the old regime, a tax rebate of up to โน12,500 is applicable if the total income does not exceed โน5,00,000 (this rebate is not applicable for nris). Recently, in budget 2024, the government has revised the slab rates for taxpayers under new tax regime.