2024 Income Tax Brackets And Deductions For Seniors. The new tax regime, introduced in the union budget 2020, offers lower tax rates but fewer deductions. The indian government provides specific tax.

10 percent, 12 percent, 22 percent, 24 percent, 32. For 2024 (tax returns typically filed in april 2025), the standard deduction amounts are $14,600 for single and for those who are married, filing separately;