2024 Standard Tax Deduction Amount 2024. Finance minister nirmala sitharaman has announced an increase in the standard deduction for salaried employees by ₹ 25,000 in. The federal income tax has seven tax rates in 2024:

In today’s budget 2024, the finance minister nirmala sitharaman has made changes in the income tax slabs and rates for the current financial. You deduct an amount from your income before you calculate.