What Is The Mileage Deduction For 2024 In New Tax Regime. Calculate exempt portion of hra, by using this hra calculator. Benefits of the new tax regime:

For the 2024 tax year, the standard deduction will increase by $750 for single filers and those married filing separately, $1,500 for married filing jointly, and $1,100 for. Section 115bac of the income tax act, introduced in the union budget 2020, offers a new tax regime with lower tax rates and reduced deductions.