2024 Standard Tax Deduction. 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent, and 37 percent. Finance minister nirmala sitharaman has announced an increase in the standard deduction for salaried employees by โ‚น 25,000 in.


2024 Standard Tax Deduction

The tax brackets, standard deduction, and the capital gains tax cutoff point for single and married filing jointly filing statuses will go up in 2025. The new limit is rs.75,000.

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