New Taxes 2024. Washington — the internal revenue service today announced the annual inflation adjustments for more than 60 tax provisions for tax year 2024, including the tax rate. In 2024, the income limits for every tax bracket and all filers will be adjusted for inflation and will be as follows (table 1).

The new income tax slabs in the new tax regime. Finance minister nirmala sitharaman announced a thorough review of the income tax act of 1961 to benefit the middle class, expected to be.