2024 Tax Rates By Income Taxation. (1) the enhanced surcharge of 25% & 37%, as the case may be, is not levied, on dividend income or income chargeable to tax under sections 111a,. No change in the corporate tax rate for domestic.

The government of india levies additional charges on individual taxpayers (irrespective of age) whose annual income exceeds inr 50 lakh. The change of the 3.8% tax to 5% is significant over time, but there’s not a lot we can do to plan for that other than working on accelerating income into 2024 and likely.