Standard Deduction 2024. Key changes include raising the standard deduction for salaried employees from ₹50,000 to ₹75,000 and increasing family pension deductions. 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 salaried individuals.
Key changes include raising the standard deduction for salaried employees from ₹50,000 to ₹75,000 and increasing family pension deductions. This deduction is available to all salaried individuals, regardless of their salary amount or other deductions they may claim.