Income Tax Standard Deduction For Ay 2024-25 202425 India
Income Tax Standard Deduction For Ay 2024-25 202425 India. Yes, standard deduction of rs.50,000 or the amount of salary, whichever is lower, is available for both. Income tax department > tax tools > tax calculator.
Budget 2024 has hiked the standard deduction limit from rs 50,000 to rs 75,000 under the new income tax regime. Below are the revised income ranges.