Income Tax Standard Deduction For Ay 2024-25

Income Tax Standard Deduction For Ay 2024-25. B) standard deduction of rs 50,000 is allowed on incomes from salary and pension. Deduction is limited to whole of the amount paid or deposited subject to a maximum of rs.

Understand the revised tax rates and exemptions. Standard deduction limit for salaried and pensioners hiked to rs 75,000 from rs 50,000.