23/07/2024
| Standard deduction under new income tax regime hiked; new tax slabs announced
Additionally,
👉🏻Standard deduction for salaried employees to be increased from ₹50,000 to ₹75,000
👉🏻Deduction on family pension for pensioners to be increased from ₹15,000 to ₹25,000
Here's what the New Tax Regime slabs looked like post today's revision 👇
0-3L -- NIL
3-6 -- 5
6-9L -- 10%
9-12L -- 15%
12-15L -- 20%
15L and above -- 30%