2024 Brackets Tax. What is the income tax? See current federal tax brackets and rates based on your income and filing status.
For tax year 2024, which applies to taxes filed in 2025, there are seven federal tax brackets with income tax rates of 10%, 12%, 22%, 24%, 32, 35%, and 37%. Under the old tax regime, the tax liability for a taxpayer who earns โน15 lakh per annum is โน1,35,000 higher.
