New Tax Regime 2024 Standard Deduction Over 65. The earlier version of the new tax regime imposed no tax on individuals with income up to rs 3 lakh, while those with an income between rs 3 to 6 lakh were liable. > under the old tax regime, senior.

In budget 2023, rebate under new regime has been increased to rs. The new inflation adjustments are for tax year 2024, for which taxpayers will file tax returns in early 2025.