Tax Free School Supplies 2024 In India. The government has increased the standard deduction limit to rs 75,000, allowing the salaried class to save up to rs 17,500 in taxes.  — most of the 17 states hosting the sales tax holidays this summer offer a break on sales tax for items related to school, like clothing, shoes, electronics and school supplies,.

Highlights include revised tax slabs, increased deductions, and simplified taxation. The government of india levies additional charges on individual taxpayers (irrespective of age) whose annual income exceeds inr 50 lakh.