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. Finance minister has announced a hike in the standard deduction amount in new tax regime hiked to rs 75000 in budget 2024.

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. Budget 2024 income tax changes: