2024 Tax Tables And Standard Deductions Allowed. In 2024, the income limits for every tax bracket and all filers will be adjusted for inflation and will be as follows (table 1). The budget 2024 announced a rs.25,000 hike in the standard deduction under the new regime.
10 percent, 12 percent, 22. The budget 2024 announced a rs.25,000 hike in the standard deduction under the new regime.