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Income Tax Standard Deduction For Ay 2024-25. Click to view services related to pan, tan and more. The budget 2024 has revised the tax slabs in the new regime, providing taxpayers with an extra opportunity to save rs.

The increase in the standard deduction and change in the tax slab structure under the new tax regime will. She said the effective tax on annual income of rs 15 lakh was reduced to 10.