Income Tax Tables 2024. A surcharge of 7% of tax for total income between ₹1,00,00,000 and ₹10,00,00,000. 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.

For example, assume a hypothetical taxpayer who is married with $150,000 of joint income in 2024 and claiming the standard deduction of $29,200. As your income goes up, the tax rate on the next layer of income is higher.