Standard Deduction In Income Tax Ay 2024-25

Standard Deduction In Income Tax Ay 2024-25. Once the specified bank, as mentioned above, deducts tax for senior citizens above 75 years of age, there will be no requirement to furnish income tax returns by senior. Let us read more and understand about standard.

The standard deduction for salaried employees is a flat ₹50,000 from total income under the head salary. Standard deduction limit for salaried and pensioners hiked to rs 75,000 from rs 50,000.