Standard Deduction For 2024 And 2024 In India. Standard deduction serves as a big relief for salaried taxpayers. At present salaried taxpayers can avail a standard deduction of rs 50,000 on their income.
The new standard deduction of rs 75,000 will be applicable under the new tax regime, while family pensioners will benefit from a higher deduction of rs 25,000. 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 2024 union budget.
Standard Deduction For 2024 And 2024 In India Images References :
