Max Salt Deduction 2024 India. Income tax budget 2024 live update: The cost of doubling the salt cap to $20,000 for married filers would reduce federal tax revenue by about $12 billion, according to a new estimate from the university of pennsylvania's penn.

The standard deduction limit has been increased from rs 50,000 to rs 75,000, and the tax slabs have been revised. Standard deduction in the new tax regime will be increased from rs 50,000 to rs 75,000, finance minister nirmala sitharaman said tuesday as she announced the 2024 union budget.