New Tax Brackets For 2024 Vs 2024

New Tax Brackets For 2024 Vs 2024. Highlights include revised tax slabs, increased deductions, and simplified taxation. You can claim standard deductions and exemptions, such as section 80c, 80d, etc., under the old regime but not the new one.

However, the new regime has expanded income brackets for the lower tax rates of 5%, 10%, 15%, and 20%. Attractive tax rates compared to the old tax regime.