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 Regime has been kept untouched. The Finance Minister in her Budget speech said: “I have two announcements to make for those opting for the new tax regime. First, the standard deduction for salaried employees is…
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