2024 Budget Highlights Tax. These key tax highlights are extracted from the budget 2024 text and appendices which were released on 13 october 2023 and have yet to be passed into law at the time of publication. Finance minister nirmala sitharaman revises tax slabs, allowing salaried employees to save up to โน17,500 in income taxes.
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. Finance minister nirmala sitharaman said that the.