Standard Tax Deduction 2024 India. Increased tax slabs, increase in standard deduction, and increased deductions from pensions will bring relief expected to over 4 cr salaried individuals. The standard deduction limit has been increased to rs 75,000 under the new tax regime.

As opposed to rs.50,000 before and will be available to all taxpayers choosing to. The middle class, especially salaried individuals, is anticipating relief in the form of increased standard deduction in the upcoming interim budget.