How Much Is Standard Deduction 2024 In India. The finance ministry is looking at the possibility of raising the standard deduction limit for income taxpayers under the new tax regime, times of india wrote. Speculation suggests the finance minister may raise standard deduction to as much as rs 1 lakh per annum in the upcoming budget to provide.
In the 2023 budget, the finance minister introduced a standard deduction of rs 50,000 for salaried taxpayers and individuals receiving pensions under the new tax. Speculation suggests the finance minister may raise standard deduction to as much as rs 1 lakh per annum in the upcoming budget to provide.
Standard Deduction Limit Under New.
As per the budget proposal, salaried individuals will get a standard deduction of rs 50,000 if they opt for.
Experts Suggest Raising It To Rs 1,00,000.
Consultancy firm kpmg anticipates changes in the upcoming union budget, including doubling standard deduction to rs 1 lakh, increasing tax breaks.
How Much Is Standard Deduction 2024 In India Images References :
Consultancy Firm Kpmg Anticipates Changes In The Upcoming Union Budget, Including Doubling Standard Deduction To Rs 1 Lakh, Increasing Tax Breaks.
Learn about income tax benefits for salaried individuals in a.y.
Budget 2023 Extended Standard Deduction To The New Income Tax Regime.