Standard Deduction 2024 Chart
Standard Deduction 2024 Chart. These modifications consist of both significant and minor adjustments. Finance minister has announced a hike in the standard deduction amount in new tax regime hiked to rs 75000 in budget 2024.also, standard deduction limit for family pensioners have been hiked to rs 25,000 from rs 15,000.
You can use the 2023 standard deduction tables near the end of this publication to figure your standard deduction. The amt exemption rate is also subject to inflation.