Standard Deduction For 2024 India Seniors . Learn about deductions, exemptions, and filing procedures to optimize tax liabilities and. For salaried employees opting for new tax regimes, the standard deduction has been increased from ₹50,000 to ₹75,000.
Under new tax regime, standard deduction increased from rs 50,000 to rs 75,000. Seniors are hopeful that budget 2024 will raise the basic exemption limit to at least inr 7 lakh per annum.
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