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Budget 2024 Income Tax Slab: Finance Minister Nirmala Sitharaman announced changes to the new income tax regime in her Union Budget 2024 speech. These changes included new income tax slabs for FY 2024-25 and a hike in the standard deduction. The standard deduction was hiked from Rs 50,000 to Rs 75,000. Also the tax slab limit for 5% tax rate was changed from Rs 5 lakh to Rs 7 lakh.
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Standard Deduction | Budget Announcements 2024 | Budget Highlights | NPS Vatsalya | New Income Tax Slabs | New Tax Regime
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