Standard Tax Deduction 2024 India. Indian middle class with salary income up to rs 15 lakh will gain if opting for the new tax regime. In a bid to give a boost to salaried taxpayers, finance minister nirmala sitharaman on tuesday increased the standard deduction limit from 50,000 to 75,000.
Deductions under new tax regime. What is standard deduction for salaried individuals?
