Income Tax Standard Deduction For Ay 2024-25. Check out the latest income tax slab for salaried, individuals and senior citizens by the it department. The standard deduction for salaried employees is proposed.
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Refer Examples &Amp; Tax Slabs For Easy Calculation.
Standard deduction increased to rs 75,000 from rs 50,000 the government has raised the standard deduction limit to rs.
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Income Tax Standard Deduction For Ay 2024-25 Images References :
In A Bid To Make The New Tax Regime More Lucrative, The Fm Proposed To Hike The Standard Deduction Limit To Rs 75,000 From Earlier Rs 50,000, Exclusively Under The New Tax.
The indian income tax act provides for various deductions under sections 80c to 80u, which can be claimed by an individual or a business entity while calculating their taxable.
The Threshold Limit Of The Standard Deduction For Salaried Individuals Was Earlier Pegged At Rs 50,000.
Following these changes, salaried employees in the new tax regime could save up to โน17,500 in income tax annually.
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