Deduction Under New Tax Regime 2024-25. In the 2024 budget, the standard deduction limit for salaried employees has been increased to rs. A standard deduction of rs 50,000 was introduced under the new regime for salaried and individuals who get pensions.
Calculate your tax liability with new regime tax calculator, know how much tax you will. This will provide relief to about four crore salaried individuals and pensioners.
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