standard deduction increase

Income Tax 2024: More relief for salaried taxpayers this Budget, should you move to New Tax Regime?

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Income Tax 2024: More relief for salaried taxpayers this Budget, should you move to New Tax Regime?

Union Budget 2024: Finance Minister Nirmala Sitharaman on Tuesday tabled the Union Budget 2024-25 in the Parliament on Tuesday, wherein she introduced some changes to the direct taxes.  FM Sitharaman made notable adjustments in the Income Tax Regulations to benefit the middle-class sector. One significant change is the 50% increase in the Standard Deduction, now … Read more

Income Tax slabs revised: How much tax will you pay on salary of Rs 7L, Rs 10L, Rs 12L, Rs 20L 

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Income Tax slabs revised: How much tax will you pay on salary of Rs 7L, Rs 10L, Rs 12L, Rs 20L 

Union Budget 2024: Finance Nirmala Sitharaman, in a major relief to the taxpayers, tweaked the tax slabs for the New Tax Regime. The FM also announced an increase in the standard deduction to Rs 75,000 from the previous Rs 50,000, which can be availed by taxpayers opting for the New Tax Regime. The Old Tax … Read more