New Standard Deduction For 2024 Pdf . Gift as income from other sources (sec 56 (2)) Sections 2 to 10 of the act are scheduled to come into force on 1 april 2024, marking the beginning of the new financial.
The official title of the act is the “finance act, 2024”. Finance minister has announced a hike in the standard deduction amount in new tax regime.
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