Standard Deduction In Income Tax Ay 2024-24. Deduction is limited to whole of the amount paid or deposited subject to a maximum of rs. Check out the latest income tax slab for salaried, individuals and senior citizens by the it.
Whether opting for taxation under section ? Budget 2023 proposes to extend the benefit of standard deduction to the new tax regime for the salaried class and the pensioners including family pensioners.
Tax Calculator Excel Sheet Ay 2024 25 Image To U, This Calculator Will Work For Both Old And New Tax Slab Rates Which Were Released In 2023 And Updated In Budget 2024.
Standard deduction from salary income and family pension is extended to the employees who opt for new tax regime.
1) Income Tax Exemption Limit Increased From Rs 2.5 Lakh To Rs 3 Lakh.
Budget 2024 expectations income tax slab changes:
Standard Deduction In Income Tax Ay 2024-24 Images References :
A Standard Deduction Of Rs 50,000 Was Introduced Under The New Regime For Salaried And Individuals Who Get Pensions.
Budget 2023 proposes to extend the benefit of standard deduction to the new tax regime for the salaried class and the pensioners including family pensioners.