Standard Tax Deduction 2024 Indian Government. Income tax budget 2024 live: In the 2024 union budget, finance minister nirmala sitharaman announced updates to the new tax regime, which include a higher standard deduction (rs.
Finance minister nirmala sitharaman said that new tax regime slabs will be changed and standard tax deduction increased from 50,000 to 75,000. Standard deduction in the new tax regime will be increased from โน 50,000 to โน 75,000, finance minister nirmala sitharaman said tuesday as she announced the.