Current Standard Deduction 2024 In India. Finance minister has announced a hike in the standard deduction amount in new tax regime hiked to rs 75000 in budget 2024. Income tax changes announced in budget 2024 1) standard deduction hiked to rs 75,000 from rs 50,000 in the new income tax regime 2) deduction on family pension for pensioners increased to rs 25,000 from rs 15,000 3) income tax slabs revised under the new income tax regime.
The finance minister in her interim budget 2024 speech has not announced. In a bid to give a boost to salaried taxpayers, finance minister nirmala sitharaman on tuesday increased the standard deduction limit from 50,000 to 75,000.
Current Standard Deduction 2024 In India Images References :