2024 Standard Deductions And Tax Rates. Every month your employer will deduct a certain amount from your salary so as to pay the government taxes on your behalf. Discover the tax rates for both the new tax regime and the old tax regime.

Here are the latest income tax slabs that will be effective for the current financial year after budget 2024. New 2024 income tax brackets and a higher standard deduction may mean tax cuts for many americans.