2024 Tax Rates And Deductions Available. From additional deductions in the new tax regime to an increase in the deduction limit available under section 80c, and a simplified tax structure under the. Tax saved (existing) annual nps contribution (proposed) tax saved (proposed) additional tax saved ₹ 25,000 ₹ 30,000 ₹ 1,560 ₹ 42,000 ₹ 2,184 ₹ 624 ₹.
Salaried employees (under the new tax regime) will save up. Once the specified bank, as mentioned above, deducts tax for senior citizens above 75 years of age, there will be no requirement to furnish income tax returns by senior.