Standard Deduction For 2024 Tax Year In India. If you have a type of income that may warrant tds or tax deducted at source, you can choose between the income tax slabs in india at the start of the. The content on this page is only to give an overview and general guidance and is not exhaustive.

The budget introduces personal income tax relief for four crore salaried and pensioners under the new tax regime, with the standard deduction increased to ₹75,000. 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.