Budget 2024 Income Tax Relief. — the budget introduces personal income tax relief for four crore salaried and pensioners under the new tax regime, with the standard deduction increased to ₹75,000. — salaried employees are hoping to see several favourable announcements, including an increase in income tax rebate, restoration of the old pension scheme.
Key expectations from the public include reductions in lpg and petrol prices, a revised income tax slab, and measures to control inflation. The middle class is hoping that finance minister nirmala sithraman will provide some income tax relief.