2024 Tax Standard Deduction Amount. The standard deduction is a flat deduction of rs. Additionally, taxpayers need not submit any.
Finance minister has announced a hike in the standard deduction amount in new tax regime hiked to rs 75000 in budget 2024. The 2024 standard deduction for tax returns filed in 2025 is $14,600 for single filers, $29,200 for joint filers or $21,900 for heads of household.
2024 Tax Standard Deduction Amount Images References :