New Budget 2024 For Salaried Employees. On february 1, finance minister nirmala sitharaman presented the union budget 2024 in the lok sabha, marking it as an interim budget due to its proximity to the upcoming lok. For those opting for the new tax regime, the standard deduction for salaried employees to be increased from ₹50,000 to.

The standard deduction for salaried employees is proposed to be increased from rs 50,000 to rs 75,000, said fm sitharaman income. The ministry of finance introduced significant amendments aimed at enhancing tax benefits under the new regime.