2024 Tax Brackets Changespirators . Standard deduction in the new tax regime will be increased from ₹ 50,000 to ₹ 75,000, finance minister nirmala sitharaman said tuesday as she announced the 2024 union. The indian income tax system offers two regimes:
Individuals, including senior and super senior citizens, are taxed according to a progressive slab system, with rates ranging from 5% to 30%, depending on their income. It also increased the standard.
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