Standard Deduction From Salary For Ay 2024-25. It was introduced back in. In the 2023 budget, the finance minister introduced a standard deduction of rs 50,000 for salaried taxpayers and pensioners under the new tax regime.
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The Finance Minister Has Announced Changes In The Standard Deduction Limit.
Standard deduction means a flat deduction to individuals earning salary or pension income if they have opted for the old tax regime.
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Also, you have to fill in other details like annual income from other sources.
Standard Deduction From Salary For Ay 2024-25 Images References :
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Standard deduction from salary income and family pension is extended to the employees who opt for new tax regime.
Income From Salary (Income From Salary After Standard Deduction Of Rs.50000.) Income From Salary (Income From Salary Before Exemptions/Deductions.