How Much Is The Standard Deduction For 2024 In India

How Much Is The Standard Deduction For 2024 In India. (1) $1,250, or (2) your earned income. The standard deduction under the new income tax regime has been hiked from rs 50,000 to rs 75,000.

Standard deduction in the new tax regime will be increased from ₹ 50,000 to ₹ 75,000, finance minister nirmala sitharaman said tuesday as she announced the. By providing inputs with respect to income (s) earned and deductions claimed as per the act.