Standard Tax Deduction 2024 India. Deductions and exemptions under the new tax regime slabs. Income tax budget 2024 live update:
Standard deduction, which is at rs 50,000, was included in the new income tax regime by fm nirmala sitharaman in last year’s budget. Finance minister has announced a hike in the standard deduction amount in new tax regime hiked to rs 75000 in budget 2024.also, standard deduction limit for.