Standard Tax Deduction 2024 India. 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. The government has increased the standard deduction limit to rs 75,000, allowing the salaried class to save up to rs 17,500 in taxes under the new regime.
Discover the standard deduction for salaried individuals under both the new and old tax regimes. Income tax slabs in india:
Income Tax Slabs In India:
Nirmala sitharaman's budget 2024 raises standard deduction to rs 75,000 for salaried individuals and pensioners, and rs 25,000 for family pensioners.
Consultancy Firm Kpmg Anticipates Changes In The Upcoming Union Budget, Including Doubling Standard Deduction To Rs 1 Lakh, Increasing Tax Breaks.
Learn about the deduction amounts, eligibility, and how it impacts.
Standard Tax Deduction 2024 India Images References :
Learn About The Deduction Amounts, Eligibility, And How It Impacts.
Through the budget 2024 announcement on tuesday, the government provided relief to the taxpayer.
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.
Experts believe the government may increase the standard deduction limit in the new tax regime, currently set at rs 50,000.