Tax Rates 2024. The amt exemption amount for tax year 2024 for single filers is $85,700 and begins to phase out at $609,350 (in 2023, the exemption amount for. Choose the financial year for which you want your taxes to be calculated.

$4,288 plus 30c for each $1 over $45,000. The government has increased the standard deduction limit to rs 75,000, allowing the salaried class to save up to rs 17,500 in taxes under the new regime.