Standard Deduction For 2024 Indian Government.  — some of the key budget expectations include a hike in the standard deduction limit, an increase in the basic exemption limit in the new income tax regime, and additional. The standard deduction for salaried employees is proposed to be increased from rs 50,000 to rs 75,000, said fm sitharaman

The standard deduction for salaried employees is proposed to be increased from rs 50,000 to rs 75,000, said fm sitharaman Experts argue that increasing the standard deduction limit from rs 50,000 to rs 1 lakh would effectively alleviate the tax burden on salaried taxpayers.