Change In Tax Brackets 2024 Vakantie . Standard deduction in the new tax regime will be increased from ₹ 50,000 to ₹ 75,000, finance minister nirmala sitharaman said tuesday as she announced the 2024 union. You can check the latest income tax slabs in the table in this.
Cess will be levied at 4% on income tax amount. The standard deduction was hiked from rs 50,000 to rs 75,000.
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