Tax Rates 2024-25. An individual has to choose between new and old tax regime to calculate their income tax liability, subject to certain conditions. This article summarizes income tax rates, surcharge, health & education cess, special rates, and rebate/relief applicable to various categories of persons viz.
Income tax calculator is a useful tool to determine tax liability with respect to income tax slabs and deductions available. The new tax regime offers the same tax rates for all individual categories, including regular individuals, senior citizens, and super senior.