Standard Deduction For 2024 And 2024 Income Tax. Highlights include revised tax slabs, increased deductions, and simplified. Tax deduction at source (tds) is a mechanism under the.

In a bid to make the new tax regime more lucrative, the fm proposed to hike the standard deduction limit to rs 75,000 from earlier rs 50,000, exclusively under the. The agency has boosted the income thresholds for each.