Income Tax Standard Deduction For Ay 2024-25. This article summarizes income tax rates, surcharge, health & education cess, special rates, and rebate/relief applicable to various categories of persons viz. Deduction is limited to whole of the amount paid or deposited subject to a maximum of rs.
Discover the tax rates for both the new tax regime and the old tax regime. The changes in the income tax slabs raised the upper limit in two slabs by rs 1 lakh.