Highest Tax Bracket 2024. In 2024, the income limits for every tax bracket and all filers will be adjusted for inflation and will be as follows (table 1). The tax items for tax year 2024 of greatest interest to most.
Tax payers falling in the highest tax bracket โ those with a taxable income of rs 15 lakh or more โ will save rs 7,500 on account of enhancement in the standard. The government has increased the standard deduction limit to rs 75,000, allowing the salaried class to save up to rs.