2024 Tax Brackets Calculator Pdf. The rebate equals the amount of income tax payable on the total income or ₹12,500, whichever is less. The government introduced ltcg taxes on gains above rs 1 lakh at 10% without indexation in the union budget 2018.

Apart from rejigging the tax slabs, the union budget 2024 also proposed to increase the standard deduction under the new tax regime for individuals and huf to ₹75,000 from ₹50,000. The government introduced ltcg taxes on gains above rs 1 lakh at 10% without indexation in the union budget 2018.