Income Tax Day 2024 News. For certain sections, the tds rate will drop from 5% to. 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 under the new regime.
The deadline to file your income tax return (itr) is july 31, 2024. From today, the tds rates will be revised significantly.
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