2024 Tax Standard Deduction Amount In India. Income tax slabs relaxed from incomes up to rs 10 lakh. An individual has to choose between new and.
Budget 2024 has hiked the standard deduction limit from rs 50,000 to rs 75,000 under the new income tax regime. To further enhance attractiveness of the new tax regime, there is the expectation to tweak the tax slab rates by increasing the.