Standard Deduction For 2024 India

Standard Deduction For 2024 India. Consultancy firm kpmg anticipates changes in the upcoming union budget, including doubling standard deduction to rs 1 lakh, increasing tax breaks on housing. Experts argue that increasing the standard deduction limit from rs 50,000 to rs 1 lakh would effectively alleviate the tax burden on salaried taxpayers, potentially stimulating.


Standard Deduction For 2024 India

Income tax budget 2024 live: On top of these exemptions, a standard deduction of 50,000 is available in both old and new regimes.

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