2024 Social Security Tax Limit Increase In India

2024 Social Security Tax Limit Increase In India. The government has increased the standard deduction limit to ₹75,000, enabling the salaried class to save up to ₹17,500 in taxes under the new regime. Furthermore, the proposal to increase the deduction of employer expenditure towards nps from 10% to 14% of the employee’s salary will improve social security.

The government has increased the standard deduction limit to ₹75,000, enabling the salaried class to save up to ₹17,500 in taxes under the new regime. According to an et report, the finance minister, nirmala sitharaman, highlighted in her budget 2024 speech that the deduction for employers’ contributions.