Tax Brackets 2024 And Deductions. 2024 (mfj) 2023 (mfj) 37%. The new tax income tax slabs in the new tax regime will be effective from april 1,2024 once the budget is passed by parliament and receives presidential assent.

2024 (mfj) 2023 (mfj) 37%. Here’s a reference for you to understand what has changed under the new tax regime.