2024 Standard Tax Deduction Amount In India. Finance minister nirmala sitharaman said that new tax regime slabs will be changed and standard tax deduction increased from 50,000 to 75,000. With the new tax regime slabs, certain changes have come about for the income.


2024 Standard Tax Deduction Amount In India

Personal income tax slabs revised, standard deductions hiked. The standard deduction, introduced in 2018 at rs 40,000, was raised to rs 50,000 in 2019.

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