What Is Standard Deduction For 2024 India
What Is Standard Deduction For 2024 India. 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. This has been increased to rs.
Employees can claim a standard deduction of up to โน 50,000 in a financial year against any taxable income categorized under. Standard deduction means a flat deduction to individuals earning salary or pension income if they have opted for the old tax regime.