Tax Brackets 2024 Usability. In 2024, the income limits for every tax bracket and all filers will be adjusted for inflation and will be as follows (table 1). The seven federal income tax brackets for 2024 and 2025 are 10%, 12%, 22%, 24%, 32%, 35% and 37%.

There are seven (7) tax rates in 2024. India’s income tax system is progressive, meaning tax rates increase with higher income levels.