2024 Income Tax Brackets And Deductions Available. While tax relief for the salaried class through increased standard deductions or adjusted tax brackets is on the table, some experts propose a more radical. In the union budget 2024 presented by finance minister nirmala.
In this article we have discussed income tax deduction available to taxpayers from various sources of income for a.y. The standard deduction limit has been increased from rs 50,000 to rs 75,000, and the tax slabs have been revised.