Income Tax Standard Deduction 2024 24. 50,000 standard deduction in the new tax regime? Standard deduction and deduction from family pension finance minister has announced a hike in the standard deduction amount in new tax regime hiked to rs.

Filing status 2024 2025 projections;. The government has increased the standard deduction limit to rs 75,000, allowing the salaried class to save up to rs.