What Is Standard Deduction For 2024 India. Both the interest earned on saving deposits and fixed deposits are eligible for. In a bid to give a boost to salaried taxpayers, finance minister nirmala sitharaman on tuesday increased the standard deduction limit from 50,000 to 75,000.
Finance minister has announced a hike in the standard deduction amount in new tax regime hiked to rs 75000 in budget 2024. Both the interest earned on saving deposits and fixed deposits are eligible for.