Standard Deduction For 2024 India . โ finance minister has announced a hike in the standard deduction amount in new tax regime hiked to rs 75000 in budget 2024. Also the tax slab limit for 5% tax rate was changed from rs 6 lakh to rs 7 lakh.
Also the tax slab limit for 5% tax rate was changed from rs 6 lakh to rs 7 lakh. Also, standard deduction limit for family pensioners have been hiked to rs 25,000 from rs 15,000.
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