What Is The Standard Deduction For 2024 In India
What Is The Standard Deduction For 2024 In India. Standard deduction for employees opting for new tax regime has increased from ₹50,000 to ₹75,000. Since most deductions and exemptions are not allowed under the new tax regime, increasing the standard deduction is crucial.
Also, standard deduction limit for family. Usually 0.50% more than the standard.