Tax Forgiveness 2024 Reviews India. Standard deduction for salaried employees increased to rs 75,000. Tax payers falling in the highest tax bracket — those with a taxable income of rs 15 lakh or more — will save rs 7,500 on account of enhancement in the standard.
Some of the key budget expectations include a hike in the standard deduction limit, an increase in the basic exemption limit in the new income tax regime, and. ‘wants are unlimited but resources are limited, hence, the need for optimum utilisation of available.
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