Income Tax Changes 2024. Finance minister nirmala sitharaman’s union budget 2024 introduced some major changes to the new income tax regime, aimed at boosting consumer spending and economic growth. As the union budget 2024 is scheduled to be presented on july 23 by finance minister nirmala sitharaman, there are expectations of multiple changes in income tax, including.
The government has increased the standard deduction limit to rs 75,000, allowing the salaried class to save up to rs 17,500 in taxes under the new regime. How standard deduction hike, income tax slab changes in new tax regime will benefit you