Standard Deduction In Income Tax Ay 2024-24

Standard Deduction In Income Tax Ay 2024-24. But individuals can also claim a deduction of up to rs. Standard deduction of rs 50,000 was introduced for salaried and pensioners under the new tax regime.

Check out the latest income tax slab for salaried, individuals and senior citizens by the it department. The highest slab rate of 30% applies on income exceeding rs.