Standard Tax Deduction 2024 India

Standard Tax Deduction 2024 India. To further enhance attractiveness of the new tax regime, there is the expectation to tweak the tax slab rates by increasing the. Budget 2024 income tax expectations:

The budget has widened two income tax slabs and increased the standard deduction from rs.50,000 to rs.75,000 under the new regime. On top of these exemptions, a standard deduction of 50,000 is available in both old and new regimes.