Current Standard Deduction 2024 In India. Consultancy firm kpmg anticipates changes in the upcoming union budget, including doubling standard deduction to rs 1 lakh, increasing tax breaks. B) standard deduction of rs 50,000 is allowed on incomes from salary and pension.

Consultancy firm kpmg anticipates changes in the upcoming union budget, including doubling standard deduction to rs 1 lakh, increasing tax breaks. Nirmala sitharaman’s budget 2024 raises standard deduction to rs 75,000 for salaried individuals and pensioners, and rs 25,000 for family pensioners.