2024 Standard Tax Deduction Amount

2024 Standard Tax Deduction Amount. The standard deduction has been enhanced from rs 50,000 to rs 75,000. The standard tax deduction is a set amount that taxpayers are automatically allowed to deduct from their taxable income, thus lowering their total tax owed.


2024 Standard Tax Deduction Amount

The standard tax deduction is a set amount that taxpayers are automatically allowed to deduct from their taxable income, thus lowering their total tax owed. As per budget 2023, salaried taxpayers are now eligible for a standard deduction of rs.

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