Gelya Juliann

New Tax Cut 2024. A cut in the 19% tax rate to 16%, saving $804 for those on taxable incomes of $45,000; 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent, and 37 percent.

For most taxpayers, your tax cut will be. The standard deduction for salaried employees is proposed to be increased from rs 50,000 to rs 75,000, said fm sitharaman.