What Is The Standard Deduction For 2024 Income Tax

What Is The Standard Deduction For 2024 Income Tax. In 2024, most taxpayers can deduct total qualifying medical expenses that exceed 7.5% of their adjusted gross income (agi). Standard deduction increased to rs 75,000 under new income tax regime.


What Is The Standard Deduction For 2024 Income Tax

Deductions and exemptions under the new tax regime slabs. Highest bracket saves rs 7,500.

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