Auto calculates Income Tax Preparation Software in Excel for the Govt and Non-Govt Employees for the F.Y.2023-24 and A.Y.2024-25. This was introduced in the 2018 Budget in place of the exemption for transport costs and the reimbursement of various medical expenses. For the 2022-23 tax year, the standard deduction limit is Rs 50,000 under the old regime. Therefore, As per Budget 2023, salaried taxpayers are now eligible for a standard deduction of Rs. 50,000/- to the new tax regime also from the 2023-24 financial years. You may also like: – Auto…