Tax Tables 2024. An individual has to choose between new and old tax regime to calculate their income tax liability, subject to certain conditions. 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent, and 37 percent.

Refer examples and tax slabs for easy calculation. The seven federal income tax brackets for 2024 are 10%, 12%, 22%, 24%, 32%, 35% and 37%.