Individual Tax Rates 2024 Sars

Individual Tax Rates 2024 Sars. Individuals with a net taxable income of up to rs 5 lakh qualify for a tax rebate under section 87a, resulting in zero tax liability. The tax rates range from 18% to 45%, applied to different income brackets.

The tax rates applicable to different categories of taxpayers, such as individuals, hufs, aops, bois, and companies, vary based on the nature of the taxpayer and the source of income. Tax deduction at source (tds) is one of the important compliances of income tax.