Budget 2024–25: From Standard Deduction Increase to Revision in New Income Tax Regime, What’s for Taxpayers in Union Budget

Union Finance Minister Nirmala Sitharaman on Tuesday, July 23, presented the Budget 2024-25 in Parliament. In a relief for salaried class, Sitharaman raised standard deduction from INR 50,000 to INR 75,000 and revised tax slabs for taxpayers opting for the new income tax regime. Watch this video to know what's all in the Union Budget for taxpayers.

(The above story first appeared on LatestLY on Jul 24, 2024 03:06 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).

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