Standard Tax Deduction 2024 India. Finance minister nirmala sitharaman said that new tax regime slabs will be changed and standard tax deduction increased from 50,000 to 75,000. Finance minister nirmala sitharaman announced a revised tax structure under the new tax regime in budget 2024.
Section 194p is applicable from 1st april 2021. Finance minister nirmala sitharaman said that new tax regime slabs will be changed and standard tax deduction increased from 50,000 to 75,000.
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