Shawn Dolorita

2024 Standard Tax Deduction Chart India. Experts have called for a host of tax relief measures, one of which is the possibility of a reduction in standard deduction limit for taxpayers under the new tax. Budget 2024 introduces reductions in the tds rates for specific payments to foster business operations and improve compliance among taxpayers.

These deductions under section 80c to 80u serve as powerful incentives, allowing individuals to optimize their financial planning and contribute to the nation’s economic growth. Use online income tax calculator available at groww to.