Standard Deduction For 2024 Indian Seniors

Standard Deduction For 2024 Indian Seniors. The government has increased the standard deduction limit to rs 75,000, allowing the salaried class to save up to rs. Income tax slabs 2024 highlights:


Standard Deduction For 2024 Indian Seniors

As of 2024, taxpayers aged 65 and older are eligible for a higher standard deduction, which can significantly reduce taxable income. For 2024 (tax returns typically filed in april 2025), the standard deduction amounts are $14,600 for single and for those who are married, filing separately;

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