New Standard Deduction For 2024 In India . Finance minister nirmala sitharaman has announced an increase in the standard deduction for salaried employees by ₹ 25,000 in. 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.
7.75 lakhs will not have to pay any tax after accounting for the section 87a rebate and the standard. Finance minister nirmala sitharaman has announced an increase in the standard deduction for salaried employees by ₹ 25,000 in.
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