Standard deduction on salary increased to 75k (only new tax regime)

5mo ago

1.8Kviews

Find out if you are being paid fairly.Download Grapevine

WigglyPickle

It’s for both tax regimes

GroovyCupcake

No. It is only for new regime. No incentives have been given to old tax regime.

GroovyCupcake

BouncyMarshmallow

Will this result in increased inhand salary for this month? Or will it be applicable from august

GroovyCupcake

It is for FY 24-25.

GroovyCupcake

Had misinterpreted your question. It will be implemented post budget passing.

Discover more

Curated from across

by FloatingPandaStealth

Budget Thread

Drop your thoughts about ongoing announcement from Budget.

Drop an announcement and underneath people will add their thoughts

by PrancingMarshmallowWipro

Standard deduction for employees increased to 75k STCG increased to 20% LTCG increased to 12.5% 🥹🥹🥹

by PerkyNoodleGojek

They increased the standard deduction in new regime from 50k to 75k and called it as "a tax relief to middle class"

3.2K

Top comment

First world taxes, third world amenities.

Ask a question on Grapevine.

Get the app on Android or iOS.