What Is The Standard Deduction For 2024 In India

What Is The Standard Deduction For 2024 In India. The deduction, however, will remain. Finance minister has announced a hike in the standard deduction amount in new tax regime hiked to rs 75000 in budget 2024.


What Is The Standard Deduction For 2024 In India

Now, both central and state government employees can deduct up to 14% of employer contributions. The standard deduction limit has been increased from rs 50,000 to rs 75,000, and the tax slabs have been revised.

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