What Is Standard Tax Deduction For 2024 In India. Finance minister nirmala sitharaman announced significant changes to the new tax regime. The standard deduction has been increased from rs 50,000 to rs 75,000.


What Is Standard Tax Deduction For 2024 In India

A hike of 4% will allow salaried individuals to save more tax. Standard deduction is a flat deduction salaried individuals can claim against taxable salary income without requiring any proof of actual expense incurred.

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