What Is The Standard Deduction For 2024
What Is The Standard Deduction For 2024. When will this change come into effect? The standard deduction of rs 50,000 is a flat deduction available under both the old and new tax regimes, to individuals earning salary and pension.
Finance minister nirmala sitharaman has announced an increase in the standard deduction for salaried employees by โน25,000 in. The budget 2024 brought about several changes to the capital gains structure, tax deducted at source (tds), and other related aspects.