Individual Income Tax Rates 2024. The highest surcharge limit for individuals earning above inr 5 cr under the new tax regime is 25%, and 37% under the old tax regime. During the union budget, the government of india.

Decreased 2.5 percent for the month.  — individuals, including senior and super senior citizens, are taxed according to a progressive slab system, with rates ranging from 5% to 30%, depending on their.