The maximum surcharge was reduced from 37 per cent to 25 per cent in last year's budget. The maximum income tax rate levied on taxpayers in the highest income bracket stands at 39 per cent now.
Income Tax Budget 2024: Where do India's tax rates stand vis- -vis developed nations like US, UK & Australia? Check here
livemint.com - 23 Jul 2024 21:01
The maximum surcharge was reduced from 37 per cent to 25 per cent in last year's budget. The maximum income tax rate levied on taxpayers in the highest income bracket stands at 39 per cent now.
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