2024 Tax Brackets And Standard Deductions India. Once you figure out which tax slab you fall into per your tax regime, it becomes easier to calculate and file taxes, evade charges, and avail of deductions or exemptions. Finance minister nirmala sitharaman revises tax slabs, increases standard deductions, and introduces threshold for reporting movable assets.
Recently, in budget 2024, the government has revised the slab rates for taxpayers under new tax regime and increased the standard deduction benefit to salaried individuals and pensioners in the new tax. While tax relief for the salaried class through increased standard deductions or adjusted tax brackets is on the table, some experts propose a.
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