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What are the current changes in income tax?

Budget 2024 Updates

Standard deduction on salaried individuals is increased to ₹75,000 for the FY 2024-25 under the new tax regime. The family pension deduction limit has been increased to ₹25,000 from ₹ 15,000

Is there any change in tax slab 2024-25?

Latest income tax slab (FY 2024-25 in Rs.) In the 2024 Budget, the standard deduction limit for salaried employees has been increased to Rs. 75,000. For family pensioners, the limit has been raised to Rs. 25,000. This change is anticipated to provide tax relief to 40 million salaried employees and pensioners.



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