What Is The Standard Deduction For 2024 Mfj In India

What Is The Standard Deduction For 2024 Mfj In India. Currently, a standard deduction of rs 50,000 is applicable under both the old and new income tax regime and experts believe that the. Currently, a standard deduction of rs 50,000 is applicable under both the old and new income tax regime.

Standard deduction to be increased from rs 50,000 to rs 75,000 in the new tax regime. In union budget 2024, finance minister nirmala sitharaman proposed new changes to the new tax regime.