2024 Tax Rates And Deductions Allowed. Standard deduction limit for salaried and pensioners hiked to rs 75,000 from rs 50,000. 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.
Standard deduction in the new tax regime will be increased from rs 50,000 to rs 75,000, finance minister nirmala sitharaman said tuesday as she announced the 2024 union budget. The greens want a cut to the capital gains tax exemption and negative gearing deductions for investors and have been fierce in their advocacy around housing.
2024 Tax Rates And Deductions Allowed Images References :
