Standard deduction limit hiked to ₹75,000 from ₹50,000 in the new tax regime.
New tax reigme slabs increased , no tax to be paid for those earning upto ₹7,50,000.
Higher tax on profits from investments. Short-term capital gains (STCG) tax raised to 20% from 15%.
Long-term capital gains (LTCG) raised to 12.5% from 10% on all financial and non-financial assets. Removal of indexation benefit.
Increase in limit of exemption of LTCG on financial assets to ₹1.25 L per year.
The tax deduction for employer contributions to the New Pension Scheme (NPS) rises from 10% to 14%.
Financial support for higher education in domestic institutions, with loans of up to ₹10 L.