Budget 2024 Tax Slab Change. Fm sitharaman hiked the standard deduction by 50% to ₹ 75,000 and tweaked tax slabs under the new income tax regime to. The government has increased the standard deduction limit to rs 75,000, allowing the salaried class to save up to rs 17,500 in taxes under the new regime.

It also increased the standard. In first budget of narendra modi’s third term, union finance minister nirmala sitharaman rejigs tax slabs, hikes capital gains tax, abolishes angel tax for corporate sector, announces assistance for bihar and andhra.