Standard deduction limit increased? Here's what Budget 2024 says
Thu, Feb 1, 2024 12:37 PM

Standard deduction limit increased? Here's what Budget 2024 says

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The budget 2024Interim Budget 2024 does not change standard deduction limit of Rs 50,000 allowed to salaried individuals and pensioners in the previous financial year. This means that the tax break of Rs 50,000 from salary and pension income will continue for the upcoming financial year. Additionally, family pensioners will also continue to receive a standard deduction benefit of Rs 15,000.

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