2024 Standard Tax Deduction Amount In India

2024 Standard Tax Deduction Amount In India. The budget 2024 announced a rs.25,000 hike in the standard deduction under the new regime. Experts suggest raising it to rs 1,00,000.


2024 Standard Tax Deduction Amount In India

Current limit is rs 50,000, revised in 2019. On top of these exemptions, a standard deduction of 50,000 is available in both old and new regimes.

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