Income Tax Act 2024. 925 record (s) | page [1 of 93] compare act/ sectionnew. The indian income tax act provides for various deductions under sections 80c to 80u, which can be claimed by an individual or a business entity while calculating their taxable.


Income Tax Act 2024

Highlights include revised tax slabs, increased deductions, and simplified taxation. The government has increased the standard deduction limit to rs 75,000, allowing the salaried class to save up to rs 17,500 in taxes.

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