Revised Tax Slabs And Increased Standard Deductions

Budget 2024: Revised Tax Slabs And Increased Standard Deductions By Rs. 25,000

Finance Minister Nirmala Sitharaman announced changes to the new tax regime slabs and an increase in the standard tax deduction from Rs. 50,000 to Rs. 75,000. The standard deduction under the old tax regime will remain at Rs. 50,000. Additionally, the deduction for family pensioners will be raised from Rs....