Standard Deduction For 2024 Tax Year In India . Budget 2024 has hiked the standard deduction limit from rs 50,000 to rs 75,000 under the new income. The standard deduction under the new income tax regime has been hiked from rs 50,000 to rs 75,000.
Nirmala sitharaman’s budget 2024 raises standard deduction to rs 75,000 for salaried individuals and pensioners, and rs 25,000 for family pensioners. Calculate exempt portion of hra, by using this hra calculator.
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Standard Deduction For 2024 Tax Year Dawn Mollee , Currently, a standard deduction of rs 50,000 is applicable under both the old and new income tax regime.
