Standard Tax Deduction 2024 India. The standard deduction limit was last hiked in interim budget 2019. An announcement to increase the standard deduction amount under the new tax regime and the standard deduction limit for family pensioners was made in the budget 2024.


Standard Tax Deduction 2024 India

Refer examples and tax slabs for easy calculation. 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 2024 union.

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