New Tax Regime 2024 Standard Deduction 2024. Dipesh jain, partner, economic laws practice said, fm is expected to hike standard. The budget 2024 has revised the tax slabs in the new regime, providing taxpayers with an extra opportunity to save rs.

The budget introduces personal income tax relief for four crore salaried and pensioners under the new tax regime, with the standard deduction increased to ₹75,000. The revised tax slabs under the new regime are as follows: