2024 Standard Deduction Amount In Tally Prime

2024 Standard Deduction Amount In Tally Prime. In the budget, finance minister nirmala sitharaman announced an increase in the standard deduction for salaried employees from ₹ 50,000 to ₹ 75,000 under the new. For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023;

Will budget 2024 increase standard deduction: Simply put, the standard deduction is a flat deduction that a taxpayer can subtract from the total salary in a particular financial year.