How Much Is The Standard Deduction For 2024 In India

How Much Is The Standard Deduction For 2024 In India. How much is the standard deduction for 2024 in india. The fm has proposed rationalized slab rates under the new tax regime and allowed additional standard deduction of rs 25,000 under the new tax regime, effectively making the.

Taxpayers can now choose to pay income tax at lower rates under the new tax regime slabs on the condition that they withdraw from being considered for specific. The budget increased the standard deduction for salaried employees opting for the new tax regime from rs 50,000 to rs 75,000.