Standard Deduction For 2024 Head Of Household In India

Standard Deduction For 2024 Head Of Household In India. Finance minister nirmala sitharaman's budget 2024 has introduced a significant increase in the standard deduction limit, providing greater tax relief for. Finance minister nirmala sitharaman said that new tax regime slabs will be changed and standard tax deduction increased from 50,000 to 75,000.

Fm sitharaman proposes to “hugely”. Since most deductions and exemptions are not allowed under the new tax regime, increasing the standard deduction is crucial.