Personal Income Tax Rate 2024. The top marginal income tax rate of 37 percent will hit taxpayers with taxable income above $609,350 for single filers and above $731,200 for married couples filing jointly. Finance minister nirmala sitharaman revises tax slabs, allowing salaried employees to save up to โน17,500 in income taxes.
Coming to personal income tax rates, i have two announcements to make for those opting for the new tax regime. To achieve greater progressivity, the top marginal personal income tax rate will be increased with effect from ya 2024.