Income Tax Standard Deduction For Fy 2024-24. Standard deduction of rs 50,000 was introduced for salaried and pensioners under the new tax regime. Cess will be levied at 4% on income tax.
Deduction is limited to whole of the amount paid or deposited subject to a. Hence, all income tax rules of the previous.
Further The Basic Exemption Limit Has Been Hiked To Rs.3 Lakh From.
To align with businessmen and professionals, there is an expectation.
Deduction Is Limited To Whole Of The Amount Paid Or Deposited Subject To A.
Current income tax slabs under new tax regime.
Cess Will Be Levied At 4% On Income Tax.
Images References :
Finance Minister Nirmala Sitharaman Retained.
Make new tax regime the default tax regime for the.
Standard Deduction Of Rs 50,000 Was Introduced For Salaried And Pensioners Under The New Tax Regime.