2024 Standard Tax Deduction Chart India
2024 Standard Tax Deduction Chart India. The budget 2024 announced a rs.25,000 hike in the standard. The indian income tax system follows a progressive taxation model, meaning higher income levels are taxed at higher rates. Income from ₹12,00,001 to ₹15,00,000: The budget 2024 announced a rs.25,000 hike in the standard.