Standard Tax Deduction 2024 India

Standard Tax Deduction 2024 India. Choose the financial year for which you want your. The union budget 2024 came to a close with finance minister nirmala sitharaman announcing a revised tax structure under the new tax regime.


Standard Tax Deduction 2024 India

The standard deduction, introduced in 2018 at rs 40,000, was raised to rs 50,000 in 2019. Tax experts believe that standard deduction for fy25 should be hiked to rs 1 lakh from the current.

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