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Standard deduction limit increased? Here s what Budget 2024 says

Standard deduction limit in Budget 2024: The standard deduction limit was last hiked in interim budget 2019. Since then maximum deduction amount has been kept unchanged. Last year, finance minister Nirmala Sitharaman brought the benefit of standard deduction under new tax regime.

Nirmala sitharamanInterim budgetFinance minister nirmala sitharamanIncome tax actNew tax regimeStandard deductionStandard deduction amountStandard deduction of rs 50000

Budget 2024: No change in personal taxation disappoints taxpayers, salaried class

Budget 2024: No change in personal taxation disappoints taxpayers, salaried class
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Adhil shettyNirmala sitharamanStandard deductionNew tax regimeMinister nirmala sitharaman

Interim Budget 2024: Decoding for individual taxpayers

Though a significant rejig in the direct tax rates and exemptions was in any case not expected, however, the salaried class was still hopeful to receive some benefit from the Interim Budget to reduce the tax burden.

Finance ministerInterim budgetFinal budgetInterim budget 2024Income taxStandard deductionIncome tax slab

Budget 2024: Lakhpati Didi target increased from 2 crore to 3 crore; what is the scheme about

The term 'Lakhpati Didis' refers to women members of Self Help Groups (SHGs) who harness their entrepreneurial skills and earn a sustainable income of at least Rs 1 lakh per year per household. The scheme, aimed at economic independence and women empowerment.

Nirmala sitharamanNarendra modiUnion finance minister nirmala sitharamanLakhpati didiSelf help groupsLakhpati didisIndependence dayPrime minister narendra modiRural womenInterim budgetStandard deductionFixed depositsBudget 2024Interim budget 2024Budget announcement

Budget 2024 Expectations Live Updates: PM Kisan payout, tax tweaks, capex push expected

Going by the recent state poll results, FM Nirmala Sitharaman seems to be under no pressure to woo the middle class right away. But she could repeat the 2019 Budget when the maximum limit of the tax rebate was increased to Rs 12500 from Rs 2500. TDS limit on post office savings and bank deposits was hiked from Rs 10000 to Rs 40000.

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