Income Tax Update: Standard Deduction Raised to ₹75,000 Under New Regime
To make clear its stance on the standard deduction of Rs 75,000 under the new regime, the government revised the Income Tax update Act of 1961. In the Union Budget 2024, the government declared that under the new system, the standard deduction would rise from Rs 50,000 to Rs 75,000. The 2025 Income Tax Bill … Read more