Income Tax Rate 2024 Individual. Chargeable income in excess of $500,000 up to $1. This rate chart covers amendment by finance act 2024 and covers following:

The surcharge rate for individuals earning over ₹5 crores has decreased from 37% to 25%. In 2024, the income limits for every tax bracket and all filers will be adjusted for inflation and will be as follows (table 1).