What Is The Standard Deduction For 2024 Taxes In India. Taxpayers can now choose to pay income tax at lower rates under the new tax regime slabs on the condition that they withdraw from being considered for specific exemptions and deductions. Fm sitharaman proposes to “hugely”.
Standard deduction to be increased from rs 50,000 to rs 75,000 in the new tax regime. 75,000 in latest budget 2024 only under the new regime.
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