2024 Income Tax Brackets And Tax Rate Table

2024 Income Tax Brackets And Tax Rate Table. In the u.s., there are seven federal tax brackets. The 22% rate isn’t applied as a flat rate on the entire $100,000.

As per the income tax slab rates table, the first rs 2.5 lakh from net taxable income will be exempted from tax. As your income goes up, the tax rate on the next layer of income is higher.