2024 Standard Tax Deduction For Seniors In India . The standard deduction limit has been increased from rs 50,000 to rs 75,000, and the tax slabs have been revised. Understanding the income tax slab rates and available deductions can significantly affect tax planning and overall financial health.
Finance minister has announced a hike in the standard deduction amount in new tax regime hiked to rs 75000 in budget 2024. The standard deduction limit has been increased from rs 50,000 to rs 75,000, and the tax slabs have been revised.
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Senior Standard Deduction For 2024 Tax Year Ray Leisha , 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.
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