What Is Standard Tax Deduction For 2024 Income Tax. Key changes include raising the standard deduction for salaried employees from ₹50,000 to ₹75,000 and increasing family pension deductions. This online platform allows taxpayers to submit applications to dispute resolution committees (drcs) across india.
Some other changes have also been introduced. Standard deduction limit for salaried and pensioners hiked to rs 75,000 from rs 50,000.