Tax Rates for Salaried Persons FY-2024
| S# | Taxable Income | Rate of Tax |
| 1 | Up to Rs 600,000 | 0% |
| 2 | Rs. 600,001 to Rs. 1,200,000 | 2.5% of the amount exceeding Rs. 600,000 |
| 3 | Rs 1,200,001 to Rs 2,400,000 | Rs 15,000 + 12.5% of the amount exceeding Rs 1,200,000 |
| 4 | Rs 2,400,001 to Rs 3,600,000 | Rs 165,000 + 20% of the amount exceeding Rs 2,400,000 |
| 5 | Rs 3,600,001 to Rs 6,000,000 | Rs 405,000 + 25% of the amount exceeding Rs 3,600,000 |
| 6 | Rs 6,000,001 to Rs 12,000,000 | Rs 1,005,000 + 32.5% of the amount exceeding Rs6,000,000 |
| 7 | Above Rs 12,000,000 | Rs 2,955,000 + 35% of the amount exceeding Rs12,000,000 |