What Tax Bracket Am I In 2024. Rachel reeves says there is a black hole in the public finances due to unfunded overspends by the previous government. For tax year 2024, which applies to taxes filed in 2025, there are seven federal tax brackets with income tax rates of 10%, 12%, 22%, 24%, 32, 35%, and 37%.
The general slab rates applicable in the case of an individual or huf are 5%, 20%, and 30%. Itโs likely that portions of your taxable income are taxed.