How Much Is The Standard Deduction For 2024 Tax Return. Earlier, the standard deduction was rs.50,000, and there has been no change in the old tax regime with respect to standard deduction. — a handful of tax provisions, including the standard deduction and tax brackets, will see new limits and thresholds.
Earlier, the standard deduction was rs.50,000, and there has been no change in the old tax regime with respect to standard deduction. Calculate exempt portion of hra, by using this hra calculator.