2024 Income Tax Brackets And Deductions Allowed. Standard deduction limit for salaried and pensioners hiked to rs 75,000 from rs 50,000. Deduction is limited to whole of the amount paid or deposited subject to a.
To do this, a thorough understanding of the deductions, allowances, and exemptions offered under each regime is essential. Income tax slabs relaxed from incomes up to rs 10 lakh.