Income Tax Standard Deduction 2024. Many provisions of the 2017 “tax cuts and jobs act” (aka the “trump tax cuts”) are set to expire in 2026, generating a tax increase for many individual taxpayers. Calculate exempt portion of hra, by using this hra calculator.

The budget 2024 has revised the tax slabs in the new regime, providing taxpayers with an extra opportunity to save rs. Budget 2024 income tax changes: