2024 2024 Tax Table. 6.93 lakh crores, reflecting a 22.48% increase. The tax year 2024 maximum earned income tax credit amount is $7,830 for qualifying taxpayers who have three or more qualifying children, an increase of from $7,430 for tax.

Your bracket depends on your taxable income and filing status. The following india income tax slabs (tax tables) are valid for the 2024/25 tax year which is also knows as financial year 24/25 and assessment year 2024/25.