Standard Deduction For 2024 India Over 65 . Standard deduction in the new tax regime will be increased from ₹ 50,000 to ₹ 75,000, finance minister nirmala sitharaman said tuesday as she announced the. The additional standard deduction amount for 2024 (returns usually filed in early 2025) is $1,550 ($1,950 if unmarried and not a surviving.
Finance minister nirmala sitharaman announced an increase in the standard deduction for salaried individuals from ₹50,000 to ₹75,000 in budget 2024, offering further relief to. Tax calculation would be as follows:
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