Standard Deduction For 2024 Indian Income

Standard Deduction For 2024 Indian Income. Under the new tax regime, the government has raised the standard deduction for salaried employees from ₹ 50,000 to ₹ 75,000. Once the specified bank, as mentioned above, deducts tax for senior citizens above 75 years of age, there will be no requirement to furnish income tax returns by senior.

Also the income tax slabs have been adjusted for fy. In this article we have discussed income tax deduction available to taxpayers from various sources of income for a.y.