Tax Brackets 2024 India Old Regime. In the old tax regime, income tax is calculated after considering various deductions and exemptions like section 80c (for investments in ppf, life insurance, etc.), 80d (health insurance), and others. The old tax regime in india refers to the system of income tax calculation and slabs that existed before the introduction of the new tax regime.

Budget 2024 has not made any changes in the income tax slabs and rates under the old tax regime. In the old tax regime, individuals have the option to claim various.