What Is The New Standard Deduction For 2024

What Is The New Standard Deduction For 2024

What Is The New Standard Deduction For 2024. 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. The following two new tax directive reasons have been added for transfers on or after 1 september.


What Is The New Standard Deduction For 2024

The budget introduces personal income tax relief for four crore salaried and pensioners under the new tax regime, with the standard deduction increased to ₹75,000. Finance minister has announced a hike in the standard deduction amount in new tax regime hiked to rs 75000 in budget 2024.

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