Standard Deduction For 2024 Income Tax. Additionally, the standard deduction has been raised to rs. Deductions under new tax regime.
As a result of changes in slab rates (tax impact 10000) and amount of standard deduction (tax impact 7500), a salaried employee in the new tax regime stands to save up to rs. In this article we have discussed income tax deduction available to taxpayers from various sources of income for a.y.