India, July 23 -- Salaried income taxpayers shifting to the new tax regime stand to save up to Rs.17,500 in income tax, finance minister Nirmala Sitharaman announced in presenting the Union budget 2024. Two changes were made to the new tax regime to make it more attractive for the salaried and encourage more individuals to migrate from the old regime. The finance minister announced increased standard deduction for those opting to file their tax returns under the new regime and also widened the tax slabs to give relief. The government has also announced similar relief on family pension - pensioners opting for the new regime will be allowed an enhanced deduction of Rs.25,000 against Rs.15,000 allowed until the financial year 2023-14. The go...