What Is The Standard Deduction For 2024

What Is The Standard Deduction For 2024

What Is The Standard Deduction For 2024. Similarly, the deduction on family pensions for pensioners has been enhanced from rs 15,000 to rs 25,000. For 2024, the standard deduction amount has been increased for all filers, and the amounts are as follows.


What Is The Standard Deduction For 2024

You can claim a standard deduction to reduce your taxable income as well as an additional deduction if you are age 65 or older and/or blind. Finance minister nirmala sitharaman said that new tax regime slabs will be changed and standard tax deduction increased from 50,000 to 75,000.

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