Social Security Income Tax Limit 2024 Lok. You file a joint return, and. Incomes ranging from rs 10 lakh to rs 12 lakh incur a tax rate of 15 percent, and for incomes between rs 12 lakh and rs 15 lakh, the tax rate is 20 percent.
This amount is also commonly referred to as the taxable maximum. Budget 2024 live:revised tax rate under new tax regime as follows: