Standard Deduction For 2024 Head Of Household In India

Standard Deduction For 2024 Head Of Household In India. Also, standard deduction limit for family pensioners have been hiked to rs 25,000 from rs 15,000.  — some of the key budget expectations include a hike in the standard deduction limit, an increase in the basic exemption limit in the new income tax regime,.

 — with concerns on rising health costs and property costs since the pandemic, there is a growing cause to enhance deductions under section 80c to rs 2.5 lakhs,. Experts argue that increasing the standard deduction limit from rs 50,000 to rs 1 lakh would effectively alleviate the tax burden on salaried.