Income tax relief proposed for salaried individuals and ...

Income tax relief for salaried & pensioners under new regime. Higher std deduction & family pension deduction. Revised tax slabs.

News Budget

July 23, 2024

Income tax relief proposed for salaried individuals and pensioners opting for new tax regime. Standard deduction for salaried employees increased from Rs. 50,000 to Rs. 75,000. Deduction on family pension for pensioners enhanced from Rs. 15,000 to Rs. 25,000. Revised tax rate structure with rebate up to Rs. 7 lakh income. Salaried employee to save up to Rs. 17,500 annually.

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Income tax relief proposed for salaried individuals and ...

Income tax relief for salaried & pensioners under new regime. Higher std deduction & family pension deduction. Revised tax slabs.

News Budget

July 23, 2024

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