What Is New In 2024 Tax Brackets. In the new income tax regime, the rebate eligibility threshold is set at rs 7,00,000, allowing taxpayers to claim a rebate of up to. For companies with an annual.

Salaried employees (under the new tax regime) will save up to rs. The standard deduction — the set amount of money by which you can reduce the income you’re taxed on if you don’t itemize — will get a boost to $14,600 for single filers in.