Standard Tax Deduction 2024 India. Currently the basic exemption limit under the new income tax regime is rs 3 lakh. The finance minister in her interim budget 2024 speech has not announced any change in the standard deduction limit which is allowed as a tax break to salaried individuals and pensioners.
However, experts are of the view that the current limit of rs 50,000 for standard deduction needs to be revised upwards. From hiking basic exemption limit to standard deduction, to more deductions under new tax regime such as section 80c, 80d, we take a look at top 10 income tax.
Under The New Tax Regime Slabs, Some Deductions And.
It aims to create fairness between individuals who earn income from a salary and those who earn income from a business.
In The Interim Budget Of February 2019, The Standard Deduction Limit Was Set At Rs 50,000, But It Was Restricted To The Old Tax Regime.
However, experts are of the view that the current limit of rs 50,000 for standard deduction needs to be revised upwards.
Standard Tax Deduction 2024 India Images References :
मोदी सरकार के तीसरी बार सत्ता में आने के बाद मिडिल क्लॉस की उम्मीदें काफी बढ़ गई हैं.