2024 Standard Tax Deduction Amount 2024. The standard deduction was hiked from rs 50,000 to rs 75,000. Standard deduction limit hiked in the new tax regime to make the new tax regime more attractive, budget 2024 raised the basic exemption limit to rs.
Standard deduction limit for family pensioners hiked to rs 25,000 from rs. For the 2023 tax year, which is filed in early 2024, the federal standard deduction for single filers and married folks filing separately was $14,600.
2024 Standard Tax Deduction Amount 2024 Images References :