Marginal Tax Rates 2024. There have been no changes made in the income tax slabs and rates under the old tax regime in the full budget 2024, presented today. On 25 january 2024, the government announced changes to individual income tax rates and thresholds from 1 july 2024.

Here are the brackets and current rates for 2024 (applying to 2023 returns). This bracket is your highest tax rate, which applies to the top.