Income Tax Rates For Ay 2024-25. Key changes include a raised standard. In india, income tax is calculated using income tax slabs and rates for the applicable financial year (fy) and assessment year (ay).

Applicable surcharge and health and education cess shall be deducted in addition to the tds rates deducted for nri and fc deductees. In india, income tax is calculated using income tax slabs and rates for the applicable financial year (fy) and assessment year (ay).