What Is Standard Tax Deduction For 2024 In India

What Is Standard Tax Deduction For 2024 In India. The budget introduces personal income tax relief for four crore salaried and pensioners under the new tax regime, with the standard deduction increased to โ‚น75,000. For complete details and guidelines please refer income tax act, rules and notifications.


What Is Standard Tax Deduction For 2024 In India

Finance minister nirmala sitharaman said that new tax regime slabs will be changed and standard tax deduction increased from 50,000 to 75,000. Finance minister nirmala sitharaman has announced an increase in the standard deduction for salaried employees by โ‚น 25,000 in.

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