2024 Tax Rates And Standard Deduction

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2024 Tax Rates And Standard Deduction

In a bid to make the new tax regime more lucrative, the fm proposed to hike the standard deduction limit to rs 75,000 from earlier rs 50,000, exclusively under the new tax regime. Additionally, for pensioners, a deduction on family.


2024 Tax Rates And Standard Deduction

For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023; Finance minister has announced a hike in the standard deduction amount in new tax regime hiked to rs 75000 in budget 2024.

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