Searched Tag: income tax benefits budget 2024
July 23, 2024, 01:49 PM - 2 min read
Finance Minister Nirmala Sitharaman increased the standard deduction by 50% to Rs 75,000 and adjusted tax slabs under the new income tax regime to put more money in the pockets of the salaried class and encourage spending.
Read moreJuly 23, 2024, 12:52 PM - 2 min read
The Standard Deduction limit has been raised to Rs 75,000 by the government, allowing those employed to potentially save up to Rs 17,500 in taxes under the new system, up from the previous Rs 50,000.
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