What Is The Standard Deduction For 2024 In India. In a move aimed at boosting tax savings, the finance minister announced that the standard deduction limit. Budget 2024 has made changes in the deductions in the new tax regime.
The standard deduction was hiked from rs 50,000 to rs 75,000. Finance minister nirmala sitharaman said that new tax regime slabs will be changed and standard tax deduction increased from 50,000 to 75,000.
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