2024 Tax Rates And Deductions In India

2024 Tax Rates And Deductions In India. While the new tax regime scheme was without any exemptions, the government later added standard deductions after hearing the people, sitharaman. The new tax regime aims to simplify income tax for individual taxpayers by offering lower tax rates in exchange for preceding most deductions and exemptions.

The new income tax slabs under the new tax regime. Rates for tax deduction at source*.