Income Tax Standard Deduction For Ay 2024-25 2024250. An individual has to choose between new. Individuals earning between ₹7 lakh and ₹10 lakh will now pay 10%.
Finance minister nirmala sitharaman, in the union budget 2024 presented on july 23, 2024, announced significant changes to the new tax regime, applicable from fy. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750 from 2023.
Income Tax Standard Deduction For Ay 2024-25 2024250 Images References :