Income Tax Standard Deduction 2024 In India . Budget 2024 has hiked the standard deduction limit from rs 50,000 to rs 75,000 under the new income. In this article we have discussed income tax deduction available to taxpayers from various sources of income for a.y.
The government has increased the standard deduction limit to rs 75,000, allowing the salaried class to save up to rs. Income tax budget 2024 live:
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2024 Standard Deduction Over 65 Vs Itemized Katie Meaghan , Standard deduction in the new tax regime will be increased from rs 50,000 to rs 75,000, finance minister nirmala sitharaman said tuesday as she announced the.