What Is Standard Tax Deduction For 2024 . Standard deduction in the new tax regime will be increased from ₹ 50,000 to ₹ 75,000, finance minister nirmala sitharaman said tuesday as she announced the. Standard deduction limit for salaried and pensioners hiked to rs 75,000 from rs 50,000.
The irs released the 2024 standard deduction amounts for returns normally filed in april 2025. The standard deduction is a fixed dollar amount that reduces the amount of income you get taxed on.
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