2024 Standard Tax Deduction In India. Standard deduction limit hiked in the new tax regime to make the new tax regime more attractive, budget 2024 raised the basic exemption limit to rs 75,000. Updated 23 jul 2024, 04:52 pm.
Deductions and exemptions under the new tax regime slabs. B) standard deduction of rs 50,000 is allowed on incomes from salary and pension.
