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Will Budget 2024 increase standard deduction under new income tax regime?

Will Budget 2024 increase standard deduction under new income tax regime?

Will Budget 2024 increase standard deduction: The Finance Minister in the 2023 Budget included a standard deduction of Rs 50,000 for salaried taxpayers and individuals getting pensions in the new tax regime. This standard deduction was made the automatic choice, unless taxpayers chose not to take it.

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