Standard Tax Deduction 2024 India

Standard Tax Deduction 2024 India. In this article we have discussed income tax deduction available to taxpayers from various sources of income for a.y. Standard deduction limit in interim budget 2024:

While the tax rates remain as they are, the increased tax slabs, an increase in the standard deduction, and increased deductions from pensions will bring relief to over 4 crore. Lets have a look at the various income tax adjustments announced by finance nirmala sitharaman in her budget 2024 speech and their effective dates.