Income Tax Brackets 2024 India. Hufs are treated as a separate entity for tax purposes under the income tax act, which allows them to enjoy tax benefits. Check here for the latest income tax slabs & details of different income tax regimes for tax slabs in india.

Once you figure out which tax slab you fall into per your tax regime, it. According to the amended regulation announced in budget 2024, the tax authorities can only go back a maximum of five years to reassess a taxpayer’s records if.