New Tax Regime 2024 Standard Deduction. Standard deduction limit for salaried and pensioners hiked to rs 75,000 from rs 50,000. 50,000) and revised income tax slabs.

75,000, up from the erstwhile rs. In the 2024 union budget, finance minister nirmala sitharaman announced updates to the new tax regime, which include a higher standard deduction (rs.