2024 Tax Rates And Standard Deduction. The highest earners fall into the 37% range,. Standard deduction and personal exemption.
Income tax slabs revised, standard deduction raised from rs 50,000 to rs 75,000 under the new tax regime in budget 2024. Finance minister has announced a hike in the standard deduction amount in new tax regime hiked to rs 75000 in budget 2024.