What Is Standard Tax Deduction For 2024. Standard deduction limit hiked in the new tax regime to make the new tax regime more attractive, budget 2024 raised the basic exemption limit to rs. For 2024 (tax returns typically filed in april 2025), the standard deduction amounts are $14,600 for single and for those who are married, filing separately;
Finance minister nirmala sitharaman has announced an increase in the standard deduction for salaried employees by โน 25,000 in. 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.
What Is Standard Tax Deduction For 2024 Images References :
