2024 Standard Tax Deduction Chart India

2024 Standard Tax Deduction Chart India. Finance minister nirmala sitharaman announced changes to the new income tax regime during the union budget 2024 presentation, providing some relief to. The budget 2024 announced a rs.25,000 hike in the standard deduction under the new regime.

These deductions under section 80c to 80u serve as powerful incentives, allowing individuals to optimize their financial planning and contribute to the nation’s economic growth. The new limit is rs.75,000.