2024 Tax Brackets Married Filing Jointly In India. Based on your annual taxable income and filing status, your tax bracket determines your federal tax rate. For the tax year 2024, the top tax rate is 37% for individual single taxpayers with incomes greater than $609,350 ($731,200 for married couples filing jointly).

An individual has to choose between new and old tax regime to calculate their income tax liability, subject to certain conditions. The tax year 2024 adjustments described below generally apply to income tax returns filed in 2025.