2024 Income Tax Brackets And Deductions Available. B) standard deduction of rs. While the old tax regime allows taxpayers to avail of tax exemptions under close to 70 income tax deductions available under various sections of the income tax rules, the new rates.
A) basic exemption limit of rs 3 lakh is applicable to all taxpayers irrespective of age. Your bracket depends on your taxable income and filing status.
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