What Is Standard Tax Deduction For 2024 In India. Standard deduction in the new tax regime will be increased from rs 50,000 to rs 75,000, finance minister nirmala sitharaman said tuesday as she announced the. Standard deduction limit hiked in the new tax regime to make the new tax regime more attractive, budget 2024 raised the basic exemption limit to rs.
From hiking the standard deduction limit in the new tax regime to tweaking tax slabs to simplifying capital gains tax โ budget 2024 has changed a host of tax rules that. The budget introduces personal income tax relief for four crore salaried and pensioners under the new tax regime, with the standard deduction increased to โน75,000.
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