Standard Deduction For 2024 Indian Citizen. The deduction is allowed for a maximum interest income of up to โ‚น 50,000 earned by the senior citizen. Standard deduction increased to rs 75,000.


Standard Deduction For 2024 Indian Citizen

Senior citizens can benefit from the standard deduction of rs 50,000, which was introduced in the budget 2020. The standard deduction limit for family pensioners has been increased to rs 25,000 from rs 15,000.

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