2024 New Tax Brackets Vs 2024 Income Tax. Here are the latest income tax slabs that will be effective for the current financial year after budget 2024. The marginal rates — 10%, 12%, 22%, 24%, 32%, 35% and 37% — remain unchanged from 2023.

The agency has boosted the income thresholds for each. Below, cnbc select breaks down the updated tax brackets for 2024.