Tax Rates 2024 2024 Year. In 2024, for example, nine of the central bank’s 19 officials expect rates to end the year at about 4.4 percent, half a point below where they stand after the jumbo rate. For this year, the financial year will be.

Standard deduction limit for salaried and pensioners hiked to rs 75,000 from rs 50,000. An individual has to choose between new and old tax regime to calculate their income tax liability, subject to certain conditions.