Current Standard Deduction 2024 In India . Also the tax slab limit for 5% tax rate was changed from rs 6 lakh to rs 7 lakh. 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.
The capital gains tax regime was completely revamped. 75,000 in latest budget 2024 only under the new regime.
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