Standard Deduction For 2024 Tax Year In India. Other deductions are allowed under section 32, apart from additional depreciation. C) deduction on employer's contribution to nps account is available up to 10% of basic salary (14% for government.


Standard Deduction For 2024 Tax Year In India

Finance minister has announced a hike in the standard deduction amount in new tax regime hiked to rs 75000 in budget 2024. B) standard deduction of rs 50,000 is allowed on incomes from salary and pension.

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