Ros Rafaelia

2024 Tax Rates By Income Tax Rate. The federal income tax has seven tax rates in 2024: While the old tax regime allows taxpayers to avail of tax exemptions under close to 70 income tax deductions available under various sections of the income tax rules, the new rates.

The 2024 tax reform bill proposes, in part: (ii) an increase in the minimum tax rate from 15% to 20%;