Standard Tax Deduction 2024 India. For salaried employees opting for new tax regimes, the standard deduction has been increased from ₹50,000 to ₹75,000. Also, standard deduction limit for family pensioners have been hiked to rs 25,000 from rs.
But is there a compelling case for raising this limit? In the 2023 budget, finance minister nirmala sitharaman introduced a standard deduction of ₹ 50,000 for salaried taxpayers and for pensioners, under the new tax regime, which became the.
