Standard Deduction In Income Tax Ay 2024-24. Understanding the income tax slab rates and available deductions can significantly affect tax planning and overall financial health. The standard deduction for salaried employees is proposed to be increased from rs 50,000 to rs 75,000, said fm sitharaman
Budget 2023 proposes to extend the benefit of standard deduction to the new tax regime for the salaried class and the pensioners including family pensioners. The standard deduction for salaried employees is proposed to be increased from rs 50,000 to rs 75,000.