2024 Standard Deduction For Married Couples In India

2024 Standard Deduction For Married Couples In India. Also the income tax slabs have been adjusted for fy. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an.

The budget 2024 announced a rs.25,000 hike in the standard deduction under the new regime. The standard deduction of rs 40,000 per year for salaried individuals was reintroduced in budget 2018, replacing two earlier deductions—travel allowance (rs.