2024 Standard Deduction Amount Seniors

2024 Standard Deduction Amount Seniors. Seniors disappointed as budget neglects rail concession, ayush coverage; The basic standard deduction in 2024 and my estimate for 2025 are:


2024 Standard Deduction Amount Seniors

In the old tax regime, the income tax exemption limit is ₹3 lakh for senior citizens aged above 60 but less than 80 and ₹5 lakh for super senior citizens aged above 80. The standard deduction under the new tax regime has been increased from rs.50,000 to rs.75,000.

2024 Standard Deduction Amount Seniors Images References :

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