2024 Standard Tax Deductions 2024. People should understand which credits and deductions they. The federal income tax has seven tax rates in 2024:


2024 Standard Tax Deductions 2024

Finance minister nirmala sitharaman said that new tax regime slabs will be changed and standard tax deduction increased from 50,000 to 75,000. The budget 2024 announced a rs.25,000 hike in the standard deduction under the new regime.

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