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    Question

    As per the Budget 2024, what is the newly increased

    deduction from family pension income under the new tax regime?
    A Lower of ₹15,000 or 1/3rd of the pension Correct Answer Incorrect Answer
    B Lower of ₹20,000 or 1/2 of the pension Correct Answer Incorrect Answer
    C Lower of ₹25,000 or 1/3rd of the pension Correct Answer Incorrect Answer
    D Lower of ₹25,000 or 1/4th of the pension Correct Answer Incorrect Answer
    E Lower of ₹30,000 or 1/3rd of the pension Correct Answer Incorrect Answer

    Solution

    The deduction from family pension income has been increased to the lower of ₹25,000 or 1/3rd of the pension as per the July 2024 Budget.

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