evidence: - 10% of Income Tax for income > ₹50 lakh - 15% of Income Tax for income > ₹1 crore - 25% of Income Tax for income > ₹2 crore - 37%* of Income Tax for income > ₹5 crore [...] Individual taxpayers have to pay tax based on their age and income. For the financial year 2023-24, income tax slab rates are divided into the old regime, which has higher tax rates with three tax slabs and different deductions for senior and super senior citizens, and the revised new regime with lower tax rates. [...] Individuals who want to claim an income tax refund 2. Those who want to set off and carry forward losses under a head of income 3. Individuals with assets or financial interests located outside of India 4. Individuals gaining income from property held under a trust for religious, charitable, or political purposes.