Standard Deduction For 2024 And 2024 In India. Income tax budget 2024 live updates: Finance minister nirmala sitharaman on tuesday hiked standard deduction by 50 per cent to rs 75,000 and.

Also, standard deduction limit for. Additionally, there is anticipation to enhance the standard deduction and the deduction for nps contributions to rs 1 lakh from rs 50,000.