Income Tax Standard Deduction For Ay 2024-24
Income Tax Standard Deduction For Ay 2024-24. The standard deduction for salaried employees is proposed to be increased from rs 50,000 to rs 75,000. Fm nirmala sitharaman has made two announcements for those opting for the new tax regime.
Once the specified bank, as mentioned above, deducts tax for senior citizens above 75 years of age, there will be no requirement to furnish income tax returns by senior. This article summarizes income tax rates, surcharge, health & education cess, special rates, and rebate/relief applicable to various categories of persons viz.
