<h1>India's Income Tax Day 2024: New Budget Boosts Deductions, Revises Slabs for Salaried Workers & Pensioners.</h1> India celebrates Income Tax Day 2024, marking the historical evolution of its tax system since 1860. The 2024-25 Budget introduces enhanced deductions and revised tax slabs, benefiting salaried employees and pensioners. The standard deduction for salaried individuals increases to Rs. 75,000, while family pension deductions rise to Rs. 25,000. The government has implemented measures to curb tax evasion, expand the tax base, and promote compliance through technological advancements. Personal income tax collections have significantly increased, reflecting improved compliance and economic resilience. Income Tax Day highlights the importance of taxation in supporting public services and national development.