Income Tax Standard Deduction For Ay 2024-25

Income Tax Standard Deduction For Ay 2024-25. Check out the latest income tax slab for salaried, individuals and senior citizens by the it department. Deduction is limited to whole of the amount paid or deposited subject to a maximum of rs.

Income tax calculator is a useful tool to determine tax liability with respect to income tax slabs and deductions available. The threshold limit of the standard deduction for salaried individuals was earlier pegged at rs 50,000.