What Is Standard Tax Deduction For 2024 24. In a move aimed at boosting tax savings, the finance minister announced that the standard deduction limit under the new tax regime will be raised to rs 75,000 for the current financial year, as. The agency has boosted the income thresholds for each bracket, applying to tax year 2024 for.
Finance minister has announced a hike in the standard deduction amount in new tax regime hiked to rs 75000 in budget 2024. In an effort to make the new tax regime more attractive and put more money in the hands of salaried people, finance minister nirmala sitharaman on tuesday announced raising the standard deduction.
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