Income Tax Standard Deduction 2024 Income Tax

Income Tax Standard Deduction 2024 Income Tax. Finance minister nirmala sitharaman said that new tax regime slabs will be changed and standard tax deduction increased from 50,000 to 75,000. Have worked and earned income under $63,398.

The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an. Also the income tax slabs have been adjusted for fy.