New Tax Brackets For 2024 Filing. — the agency has boosted the income thresholds for each bracket, applying to tax year 2024 for returns filed in 2025. 5% on income exceeding ₹3,00,000.
— the 2023 tax year—meaning the return you’ll file in 2024—will have the same seven federal income tax brackets as the last few seasons: 2024 federal income tax brackets and rates.