Standard Tax Deduction 2024 India. New income tax slabs introduced, standard deduction up; 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.

An announcement to increase the standard deduction amount under the new tax regime and the standard deduction limit for family pensioners was made in the. New income tax slabs introduced, standard deduction up;