Standard Deduction 2024 Head Of Household In India

Standard Deduction 2024 Head Of Household In India. This deduction is available to all employees,. Standard deduction increase expected in budget 2024;

Finance minister nirmala sitharaman’s budget 2024 has introduced a significant increase in the standard deduction limit, providing greater tax relief for salaried individuals. In a bid to give a boost to salaried taxpayers, finance minister nirmala sitharaman on tuesday increased the standard deduction limit from 50,000 to 75,000.