Standard Tax Deduction 2024 India. Current limit is rs 50,000, revised in 2019. While tax relief for the salaried class through increased standard deductions or adjusted tax brackets is on the table, some experts propose a more radical shift:.
Current limit is rs 50,000, revised in 2019. Ahead of the upcoming union budget 2024, reports suggest that the ministry of finance is considering the possibility of increasing the standard deduction threshold for taxpayers.
While Tax Relief For The Salaried Class Through Increased Standard Deductions Or Adjusted Tax Brackets Is On The Table, Some Experts Propose A More Radical Shift:.
Doubling standard deduction to rs 1 lakh, increasing tax break on interest paid on housing loan and rationalisation of capital gains tax regime are some of the.
It Aims To Achieve Parity.
Budget 2024 income tax expectations:
Standard Tax Deduction 2024 India Images References :
Experts Suggest Raising It To Rs 1,00,000.
From hiking basic exemption limit to standard deduction, to more deductions under new tax regime such as section 80c, 80d, we.
Budget 2024 Income Tax Expectations:
Standard deduction serves as a big relief for salaried taxpayers.