2024 Tax Brackets And Standard Deduction In India. Recently, in budget 2024, the government has revised the slab rates for taxpayers under new tax regime and increased the standard deduction. Increased tax slabs, increase in standard deduction, and increased deductions from pensions will bring relief expected to over 4 cr salaried individuals and.
The minister of finance, nirmala sitharaman, updated the tax structure in the new tax regime in which the standard deduction is increased to rs. In the 2024 union budget, finance minister nirmala sitharaman announced updates to the new tax regime, which include a higher standard deduction (rs.
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