E Tax Exemption 2024. Check out the latest income tax slab for salaried, individuals and senior citizens by the it department. Income tax refund becomes applicable when taxes paid exceed the tax liability, which includes tds, tcs, as well as advance.
The government has increased the standard deduction limit to rs 75,000, allowing the salaried class to save up to rs. Move all exemptions, deductions to new income tax regime, say salaried taxpayer.
