Budget 2024 Updates On Income Tax. Budget 2024 announced new tax slabs under the new income tax regime, increased standard deduction limit, simplified capital gains tax and nps vatsalya scheme. Find out the key changes and their impact on your tax liability.

It also includes links to all of the tax information and impact notes, the rates. Finance minister nirmala sitharaman raised the standard deduction by 50 per cent to ₹ 75,000 and tweaked tax slabs for taxpayers opting for the new income tax regime.